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Procedure to change sole proprietary to private limited


02-Sep-2023 (In Corporate Law)
Sole propritory to private limited--- We would like to change sole propritory registered with GST to private limited. And we need to tranfer all the assets/liabilities of existing with statutory.
Answers (2)

Answer #1
797 votes
Hi,

Have you already converted the structure from proprietorship to a private limited company? If not, incorporate the new entity and transfer all the assets and liability of the proprietorship firm to the newly incorporated company. Please contact for further details.
Answer #2
807 votes
You have to incorporate a new private limited company and your proprietor ship concern shall be taken over and the Private Limited Company so incorporated must have “the takeover of a Sole Proprietorship Concern” as one of the objectives in its Memorandum of Association.

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