Conversion of Sole Proprietorship to Private Limited Company
Ideal for growing businesses (Duartion < 15 days)
What is Included In Our Package?
- DIN for 2 Directors
- Digital Signature For 2 Directors
- Name search & approval
- MOA/AOA
- Registration Fees
- Company PAN Card
Documents Required For Pvt. Ltd.Conversion
- Copy of PAN Card of the Directors
- Passport size photograph of Directors
- Copy of Aadhaar Card/ Voter identity card
- Copy of Rent agreement(If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers (If owned property)
- Landlord NOC (Format will be provided)
Conditions for Pvt. Ltd. Conversion
- All the assets and the liability of the Sole Proprietory concern relating to the business immediately before the succession become the assets and the liability of the company.
- The shareholding of the sole proprietor in the private limited company is not less than 50% of the total voting power in the company and his shareholding continues to remain so for a time period of 5 years from the date of the succession.
- The sole proprietor does not receive any benefit or consideration, directly or indirectly, in any form or manner, other than by way of allotment of shares in the company.
Minimum Requirements for Pvt. Ltd. Conversion
- Minimum 2 Shareholders for Private Limited Company Registration
- Minimum 2 Directors
- Minimum Rs.1 Lac Share Capital
- DIN for all Directors