ComplyKart Services
Convert your Proprietorship into a Private Limited Company — handled by ComplyKart experts, without the paperwork headache.
Package inclusion:
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Best Consultancy by Expert CA
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Name Reservation
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Document Drafting for Company Registration
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Filing of FormINC-32, 33 & 34
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Post conversion compliances
CA/CS-guided review
Your documents and structure are checked before anything is filed.
Written scope first
Inclusions and payable charges are explained before work begins.
Support till it’s done
One team owns your filing, from the first call to the final handover.
Get a call back
Your details stay private — we only call about this enquiry.
Experience behind every filing
A quick snapshot of the work so far.
Fees
Fees and packages for sole proprietorship into private limited
Every requirement is a little different, so we quote after a short discussion — the consultation itself is free.
Custom quote
Sole Proprietorship into Private limited
Talk to a ComplyKart expert — we’ll understand your requirement and share an exact written quote before you pay anything.
Talk to us for a quote
Sole Proprietorship to Private Limited Package Inclusions
- Conversion/takeover structuring guidance
- Name approval, MOA/AOA and SPICe+ filing
- DIN, DSC, PAN and TAN for the new company
- Business transfer agreement drafting
- GST and bank account transition checklist
Overview
Proprietorship to Private Limited Company
What is proprietorship?
A kind of business structure in Indian market where an individual has overall control on his/her business without any peculiar legal rules and regulations. That’s why both the individual and his/her company is termed as single entity. A grocer, plumber, chemist and tutor come under the category of sole proprietorship. Here, the sole proprietor is not supposed to file an extra income return as all the assets and property belongs to him/her. This way, they become entitled to the tax credits reserved for individuals. This form of business is impeccable for limited products and demand for personalised services. Though they are the prime person in charge of their business but if any need occurs; they can also hire employees to help in perform contracts.
What is Private Limited Company?
A privately held small business entity is given the name of Pvt. Ltd. Company as per the provisions of the Companies Act, 2013. Only 2 directors can make this company operational in the market. The best part of this type of company is the limited liability of each member so in case of any financial problem the personal assets of the shareholders are not at risk. It carries less complexity and confusion in decision making and management. Where in case of death of the owner of the sole proprietorship, the company comes to closure but in Pvt. Ltd. Companies the life of the company keeps on existing forever. Here, the requirement of paid-up capital is minimum 1 Lakh.
Condition for conversion
All the assets and the liability of the Sole Proprietary concern relating to the business transferred of the company. Also, the sole proprietor should not hold less than 50% of the total voting power in the company and his shareholding continues to remain so for a time period of 5 years from the date of the succession. The proprietor should not receive any benefit or consideration, directly or indirectly, in any form or manner, other than by way of allotment of shares in the company.
Benefits
Benefits of Private Limited Company
Open each benefit to see what it means for you.
Single entity
The Companies Act, 2013 gives separate identity to the member and his company. This add one more advantage i.e. liability for repayment of debts and lawsuits incurred by the company lies on the company only and not on the individual
Increased credibility
‘Pvt. Ltd. Company’ status enjoys more assurance and credibility from its consumers than sole proprietorship and partnerships entity. This assured faith guarantees minimum growth.
Availability of funds
Though a Pvt. Ltd. Company can be formed with 2 directors only but if need arises, this number can go up to 200. Their governance with the Companies Act, 2013 offer them credit worthiness with various financial institutions. On the other side, it is quite difficult task for sole proprietorship to raise money.
Ownership
In this form of company, the owner has the right of choice to sell and transfer the shares of company to other people. Generally, shares of Pvt. Ltd. Companies are owned by a group of private investors or its founders.
Perpetual succession
In case of any bankruptcy, dispute among the members and death of any member; no changes occurs in the identity of the company in the market. It enjoys the advantage of perpetual succession despite any type of crisis.
Privacy is maintained
The law gives the advantage to keep legal settlements, executive compensation and other information secure for company use. This confidentiality plays an important role in attaining success in the market
Easy Growth road
A minimum number of two directors is required for registering the private limited company. So, it becomes easy to agree on any venture and new plan between the two. It paves the way for unlimited growth and more recognition in the market.
Documents
Documents required
Clear, current documents matter more than a long checklist. Names, dates of birth and addresses should match across records.
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Documents required
Process
Procedure for Conversion
You’ll see each stage, what’s pending and what we need from you — so filings don’t bounce back.
Step 1 of 5
Obtaining Digital signature Certificate
The process of conversion starts with acquire Digital Signature Certificate which is necessary.
Obtain DIN of Directors
The Director Identification number is also required to be obtained by the Directors as it is a pre-requisite to have DIN to be appointed as a Director.
Obtain Name Approval
Obtain the name approval by the Ministry of Corporate Affairs by filing RUN Form which is approved normally in 2 days
File Incorporation Form
Once the name of the Company is approved, Form INC-32, 33 & 34 is required to be filed with mandatory documents and MOA & AOA of the Company.
Certificate of Incorporation
Upon filing of necessary documents with the Ministry of Corporate Affairs, Certificate of Incorporation is granted within 4-5 days along with PAN & TAN numbers.
Why ComplyKart
How ComplyKart can help you
You should know who’s doing what. Open a stage to see how the work is shared.
Consulting & Strategy
Our conversion experts will give you the best consulting and prepare the strategy for conversion of your Proprietorship...
Client’s growth
Our services are aimed at achieving growth for clients. We can provide necessary guidance for understanding the conversi...
Competence is our strength
We make every effort to stay updated with the rules and regulations by MCA. This enables us to deal with client’s needs...
Always there for you
The assurance of a dedicated workforce including support staff and managers can be a promising factor in the conversion...
Post Conversion Compliance
Once the conversion is approved by the Authority you need to comply with certain rules which we help you to comply and k...
Consulting & Strategy: Our conversion experts will give you the best consulting and prepare the strategy for conversion of your Proprietorship into Company.
If a founder or investor is outside India
Foreign ownership is possible in many sectors, but it adds document authentication, banking and FEMA work. Set the route before funds move.
Plan before you start
- Check whether your sector permits automatic-route foreign investment
- Confirm the Indian resident director arrangement
- Map ownership, beneficial ownership and pricing
- Allow time for apostilled or consularised documents
Plan for after setup
- Receive funds through permitted banking channels
- Complete RBI/FEMA reporting and keep the bank evidence
- Coordinate tax and ongoing compliance advice early
What clients say about working with us
Real stories from businesses we've worked with.
Our Trademark was applied in all the classes with a short span of time by Complykart Trademark Experts and I can say the level of expertise and commitment they carry is remarkable. It's an A+ from my side. We are now sticking to ComplyKart only.
I found the professionalism of the staff at complykart.com, a pleasure to work with. As a foreigner to India, they took the time to explain the documentation and assisted in every question I raised. I was pleased that complykart.com made it easy for my Business.
Trust, Commitment, Dedication and responsiveness are the best things with ComplyKart. Thanks for handling our Merger assignment with so much care. After my business disputes, complykart handles all things with own sense of understanding.
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