Proprietorship To Private Limited Company in just  1/-

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Proprietorship To Private Limited Company

If you want to grow your business, if you want your brand to be reliable, if you have plans to expand and may be apply for loan in future, It is better that your business is registered as a company. Minimum requirement for any person to form a private limited company is that two directors of which one shall be person resident in India. Therefore even for a foreign national can be a director in a private limited company in India.

What will you get?

  • Digital Signature for 2 Director
  • DIN Numbers for 2 Directors
  • 2 Hard Copies of MOA and AOA ( In soft copy also)
  • All Company Incorporation Process ( Incorporation Certificate)
  • All Government Fees Included
  • PAN Card
  • TAN Number ( For Deducting TDS)
  • Bank Account Opening (Documentation Support)

Documents Required for Proprietorship To Private Limited Company

  • ID Proof (PAN Card)
  • Address Proof 1(Voter ID/Passport/Driving License)
  • Address Proof 2(Electricity Bill/Telephone Bill/Bank Statement)
  • Aadhar Card
  • Photograph
  • Electricity Bill and Rent Agreement of premises
  • Client Questionnaire

      FAQ

There is no provision under companies Law for conversion of a proprietorship firm into a private limited company. The normal way is to register a new private limited company and take over the proprietorship firm by the new company.

The pre requisite is that at least two directors shall be there one of the director shall be resident director.

It depends on the business vision. If you are planning to expand, if you want customer credibility, if you want to get funds (loan) in future, it is better to have a private limited company.

For a private limited company, you shall appoint an auditor and annually there is compliance to file your balance sheet and annual return with ROC.

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