Sole proprietor concern taken over by private limited concern

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..... Sole proprietor concern taken over by private limited concern
Query (Issue) Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 19-4-2017 Last Reply Date:- 19-4-2017 Corporate Laws / SEBI / LLP
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..... ot 3 Replies
Companies Law
Dear sir, one of my customer is running sole proprietor concern, due to availment of loan we created private limited concern and it is running parallely. Now the bank .....

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..... er insisting private limited to take over the proprietorship concern. The proprietor concern having movable and immovable property. What the procedures to be followed to avoid stamp duty on transfer .....

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..... of immovable property. can anyone guide me. Thanks in advance. Reply By MARIAPPAN GOVINDARAJAN: The Reply: In my view there is no legal compliance to the proprietorship. The proprietor may transfer .....

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..... the entire business to the partnership on consideration. Reply By THYAGARAJAN KALYANASUNDARAM: The Reply: Dear sir, The transferee is not partnership concern it is a private limited concern. Repl .....

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..... y By MARIAPPAN GOVINDARAJAN: The Reply: In my view it can be done for company also.
Discussion Forum - Knowledge Sharing .....

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