I HAD TAKEN ON LEASE A INUSTRIAL UNIT IN WEST BENGAL WHICH EXPIRED IN THE YEAR 1980. ld. COURT HAD DECLARED ME A TENANT IN THE PRPERTY. I AM RUNNING THE UNIT AS A PROPRIETORSHIP CONCERN.
I WANT TO CONVERT THE PROPEIRITERSHIP INTO A PVT. LTD. COMPANY ALONG WITH MY SON WHO WILL BE HOLDING 25% SHARE AND I SHALL BE HOLDING 75% SHARE.
PLEASE LET ME KNOW CAN LANDLORD TREAT THIS AS TRANSFFER OF TENANCY AND CLAIM POSITION FORM US ?
HOW LONG I HAVE TO HOLD CONTOL OVER THE COMPANY IF THE CONVERSION IS NOT TREATED AS TRANSFER ?
THANKING YOU
M K MODI
