In comparison to proprietorships, company is a well-managed form of business structure which is much more organized and regulated. Unlike proprietorships with unlimited liability, companies work with limited liability to protect the interest of its stakeholders. Although such conversion results in loss of independence and distribution of control, but it certainly brings along more privileges than drawbacks.
Documents required for Conversion
- Photograph of all shareholders and directors
- PAN Card copy of all shareholders and directors
- Identity Proof copy of all shareholders and directors
- Address Proof copy of all shareholders and directors
- List of members with name, address and share held
- Active DIN and Digital Signature of proposed director
- MOA, AOA and Declarations from proposed directors
- Address Proof copy of registered office
- List of all the creditors along with their consent
- No-objection certificate from tax authorities
- Duly certified accounts statement of firm
E-tax Conversion Service Covers:
- Advisory in relation to conversion
- Organizing the required meetings
- Obtaining approval for company name
- Securing DIN and DSC of proposed directors
- Formulation of memorandum and articles
- Preparation of relevant documents
- Obtaining fresh Pan Card of company
- Filing of necessary e-forms with ROC
- Issuance of Certificate of Incorporation
- Guidance over finance and taxation matters
- Support for compliance of legislative norms