Change of proprietorship firm to Pvt Ltd company
Tanvi Sharma
(Querist) 26 July 2016
This query is : Resolved
I am a proprietor of a firm which has a franchise of Motilal Oswal Securities Limited. Can this firm be converted into a Pvt LTD company? Secondly, what would be the procedure for that. Will it affect my business that I am running right now? Also the firm is registered in sales tax department in Uttar Pradesh. What would be the tentative expenditure in the process of getting the conversion done. Please advise.
Kind Regards,
Abhimanyu Sharma
Dr J C Vashista
(Expert) 26 July 2016
For such commercial query you should consult and seek PAID services of a local prudent lawyer.
Q 1. Yes
Q 2.Subjective question of examination hall.
Q 3. Differs from lawyer to lawyer depending upon number of factors such as his expertise, experience, acumen-ship, status and standard.
Devajyoti Barman
(Expert) 26 July 2016
The nature of business can at any point of time be converted into Limited Company or Partnership Firm.
The procedure involves many formalities which can not be explained here and for converting the present structure into Limited Company you have to engage a professional.
R.K Nanda
(Expert) 26 July 2016
Contact local lawyer.
Rajendra K Goyal
(Expert) 26 July 2016
Commercial query, consult consultant dealing in the field.
Kumar Doab
(Expert) 26 July 2016
Approach an able counsel well versed in this field.
