Dear Mr.Shah
To have all the credentials, licences, registration certificates and expertise of the proprietor as a director of the new company, you have to follow the procedures as stated below:
Prior to get the company registered with ROC, the draft MOA /AOA should be made where in the prime object should be to takeover the proprietorship buisness as a going concern with all its assets and liabilities.
After getting the company registered, and agreement shall have to be made between the company and the earstwhile proprietor which should specifically state that the company is entitled to enjoy all the licences, cerdentials and expertise of the earstwhile proprietorship buisness and shall also include that the company is entitled to realise all debts due to the proprietorship business, its securities, advances, tax deposits and such other current assets. The proprietor should hold at least major portion of the shares in the company which shall be issued against his capital. If this agreemtn are drafted in proper manner, your company shall be entitled to enjoy all the credentials of the propreitorship business.
