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Conversion of Proprietorship in Company

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Many business people start their businesses as a Sole Proprietorship due to the low compliance requirements. As the business and the incomes grow, there is a need to separate the bank accounts and the tax filings of the Sole Proprietor and that of the business. To accomplish this separation a possible solution is to convert the Sole Proprietorship into a Private Limited Company.

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Pre-requisites

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[et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Shop Act License or Equivalent license/NOC issued by the Gram Panchayat” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Minimum Share Capital shall be Rs. 100,000 (INR One Lac) for conversion into a Private Limited Company” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Minimum Share Capital shall be Rs. 100,000 (INR One Lac) for conversion into a Private Limited Company” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Minimum Share Capital shall be Rs. 500,000 (INR five Lac) for conversion into a Public Limited Co.” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb]
[et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=” Minimum 2 Directors (for Private Limited Co.) and 3 Directors (for Public Limited Co.)” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”The directors and shareholders can be same person” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”DIN (Director Identification Number) for all the Directors” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=” DSC (Digital Signature Certificate) for one of the Directors” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb]
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Procedure for Conversion of Sole Proprietorship firm into Private Limited Company

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[et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Obtaining Digital signature Certificate: Digital Signature Certificate is required to be obtained by any one of the director of the company.” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Apply for DIN: The directors should apply for DIN.” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Application in Form INC-29 to ROC for reservation of name, incorporation of a new company and/or application for allotment of DIN, accompanied by supporting documents including details of Directors & subscribers, MoA and AoA etc. ” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Also DINs gets issued to the proposed Directors who do not have a valid DIN. Maximum three Directors are allowed for using this integrated form for allotment of DIN while incorporating a company.” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb]
[et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Affidavit by the Sole Proprietor” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Statement of Assets & Liabilities as on date by Chartered Accountant if the proprietorship is doing business from long” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Income Tax Returns Acknowledgement” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”PAN Card of the Sole Proprietor” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Sales Tax Registration Number, if you have” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb][et_pb_blurb admin_label=”bullet” url_new_window=”off” use_icon=”off” icon_color=”#662d91″ use_circle=”off” circle_color=”#662d91″ use_circle_border=”off” circle_border_color=”#662d91″ image=”http://vincyte.com/wp-content/uploads/2016/09/bullet.png” icon_placement=”left” animation=”top” background_layout=”light” text_orientation=”left” max_width=”16px” use_icon_font_size=”off” use_border_color=”off” border_color=”#ffffff” border_style=”solid” saved_tabs=”all” title=”Any other Proof showing the name of the Proprietorship firm” header_font_size=”15″ alt=”Conversion of Proprietorship into Company”] [/et_pb_blurb]
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PF, ESI

[/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] ISO Certification Service [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] VAT/Sale Tax Registration [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] Service Tax Registration Service [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] Excise Registration Service [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] Import Export Code or IEC [/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"]

MSME (SSI)

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Trade License Registration

[/et_pb_text][et_pb_text admin_label="Sub head" background_layout="light" text_orientation="left" text_text_color="#000000" use_border_color="off" border_color="#ffffff" border_style="solid"] Factory License Service [/et_pb_text]
[et_pb_social_media_follow admin_label="Social Media Follow" link_shape="circle" background_layout="dark" url_new_window="on" follow_button="off"] [et_pb_social_media_follow_network social_network="facebook" url="www.facebook.com/Vincyte" skype_action="call" bg_color="#3b5998"] facebook [/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network="twitter" url="www.twitter.com/vincyte" skype_action="call" bg_color="#00aced"] Twitter [/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network="pinterest" url="in.pinterest.com/vincyteglobal/" skype_action="call" bg_color="#cb2027"] Pinterest [/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network="youtube" url="https://www.youtube.com/channel/UC1eHWrPxq5Geb1DrqVv-Cgw" skype_action="call" bg_color="#a82400"] Youtube [/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network="google-plus" url="plus.google.com/+Vincyteglobal" skype_action="call" bg_color="#dd4b39"] Google+ [/et_pb_social_media_follow_network][et_pb_social_media_follow_network social_network="linkedin" url="www.linkedin.com/company/vincyte" skype_action="call" bg_color="#007bb6"] LinkedIn [/et_pb_social_media_follow_network] [/et_pb_social_media_follow][et_pb_text admin_label="Text" background_layout="light" text_orientation="left" use_border_color="off" border_color="#ffffff" border_style="solid"]
Заходите в казино pokerdom и наслаждайтесь атмосферой удачи и возможностью выиграть большие денежные призы.
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