Conversion of Sole Proprietorship to Private Limited Company

PRE-REQUISISTES FOR CONVERSION

1. Sale Agreement or Takeover Agreement between sole proprietor and company.
2. Memorandum of Association to carry on the objectives of the new company.
3. Details of the Assets and Liabilities of the existing sole proprietorship.
4. The sole proprietor should have at least 50% Voting Rights and this shall continue for 5 years from the date of conversion.

HOW TO CONVERT SOLE PROPRIETOSHIP TO COMPANY?

STEP 1: Fulfil all the Slump Sale formalities

STEP 2: Obtain DSC & DIN of the directors.

STEP 3: Application for Name Availability  , Reserve Unique Name ( RUN)  

STEP 4: MOA and AOA for the company.

STEP 5: Application for Incorporation on the MCA (Ministry of Corporate Affairs) portal

STEP 6: Submission of all the relevant documents

STEP 7: Receiving of Certificate of Incorporation

STEP 8: Modification of Bank details as per conversion.

REQUIRED DOCUMENTS

1. PAN of all the directors of the company.
2. AADHAR of the directors.
3. Photograph of Directors.
4. Ownership documents of principal business.
5. Rent or Lease Agreement if rented/leased.
6. NOC from Landlord.
7. Digital Signatures of all shareholders and Directors
8. Bill of Electricity or Water.
9. FORM-1 to be filed with MOA, AOA and other documents.
10. FORM-22 to be filed with details of the registered office.

WHY US?

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