Incorporation is the need of the hour. The world gradually between a global market without any trade barriers flows. A small unincorporated organization led by some colleagues as corporatising can not think of without a large-scale development. Such incorporation, limited liability, perpetual succession, shares Transferability, its advantages as easy access to funds etc.
3. Incorporation is the need of the hour. The world
gradually between a global market without any trade
barriers flows. A small unincorporated organization
led by some colleagues as corporatising can not
think of without a large-scale development. Such
incorporation, limited liability, perpetual succession,
shares Transferability, its advantages as easy access
to funds etc.
http://investmentjunction.in/
4. Key Benefits
Automatic Transfer
All assets and liabilities of the firm immediately
before the conversion become the assets and
liabilities of the company.
No Stamp Duty
All movable and immovable properties of the firm
automatically vest in the company. No instrument
of transfer to be executed and hence no stamp duty
is required to be paid is required.
http://investmentjunction.in/
5. No Capital Gain Tax
No capital gains tax on the transfer of property
owned firm will be charged to the company.
Continuation of Brand Value
Goodwill and brand value and has retained
ownership of the firm a better legal recognition of
the success story of the past are released to enjoy.
http://investmentjunction.in/
6. Carry Forward and Set off Losses and Unabsorbed
Depreciation
The accumulated loss and unabsorbed depreciation
of owned firm, the successor company to be effective
in the last year of conversion loss / depreciation is
considered. Thus, the successor company in the
hands of such damage can be for eight years.
http://investmentjunction.in/
7. Key Conditions
All partners of the partnership firm shall become
shareholders of the company in the same proportion
in which their capital accounts stood in the books of
the firm on the date of the conversion.
The partners receive consideration only by way of
allotment of shares in company and The partners
share holding in the company in aggregate is 50% or
more of its total voting power and continue to be as
such for 5 years from the date of conversion.
http://investmentjunction.in/
8. Key Requirements:
Registered partnerships with at least 7 Partners
The minimum share capital will be Rs. 100,000 (INR
One Lac) for conversion into a private limited
company
The minimum share capital will be Rs. 500,000 (INR
five Lac) for conversion into a public limited company
The above requirement is not fulfilled by the firm,
then the Partnership deed should be changed
http://investmentjunction.in/
9. Minimum 7 Shareholders
Minimum 2 Directors (private limited company) and 3
directors (public limited company)
Directors and shareholders can be same person
DIN (Director Identification Number) for all directors
DSC (Digital Signature Certificate) for two of the
Directors
http://investmentjunction.in/
10. Steps in Conversion of a Partnership firm into a
Company (Private/Public)
A company (private / public), a partnership firm in
the conversion step (excluding the processing of
additional EFORMS) is an Indian private / public
limited company formation is similar to the steps
involved.
http://investmentjunction.in/
11. Address
Investment Junction KPCT Mall, Same Wing of Vishal Mega Mart,
Shop No. B-3, Fatima Nagar,
Pune - 411013
Contact No : 9371151733 / 7798612243
Email Id : info@investmentjunction.in
http://investmentjunction.in/