can proprietor of sole proprietory firm be changed

you have to execute a transfer deed and agreement with your brother transfering all your properties and business in favour of your younger brother and the name of firm and registration continues. 

R.S.K.Singh 

You may transfer only business because if your transfer the property you have to pay stamp duty as per Registration Act You may transfer capital goods like stores tools and plants etc. the ownership of the immovable  property if held in the name of individual can be transfered only by  process of Registration by paying stamp duty etc. 

R.S.K.Singh 

WHILE agreeing with Adv. Rangee. here's a little more to understand :

1.  A business can sold & transferred only by an duly stamp duty paid & registered agreement, detailing all the assets and liabilities alongwith good-will of the business.

2.  All the Relevant authorities (Sales Tax, Service Tax and so on.... ) have to be duly informed.

Keep Smiling .... Hemant Agarwal
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