Proprietorship business taken over by Pvt Ltd Company

Guest (Querist) 07 May 2010 This query is : Resolved
Hi...
I have an assignment in which clients proprietorship business is to be taken over by a Private Company in which a proprietor is a Director and Promoter.
Prop business is mainly that of Construction of roads, etc. and has both movable and immo properties...
Pl advise how to take over this business in PL Company and Stamp Duty and other Implications involved.....
Thnx and Rgds,

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Guest (Querist) 07 May 2010
I would also request for the format of agreement to be executed for this.....Tq

ESTHERPRIYA (Expert) 07 May 2010
you have to go for a board meeting, general body meeting with shareholders and then pass a resolution to that effect. File necessary forms about the resolution. For all these to happen first you need to put everything in writing by way of Agreement.

Guest (Querist) 07 May 2010
Thanks Padmapriyaji. Also requesting if someone can provide format for such agreement.

Kumar Thadhani (Expert) 10 May 2010
Discuss the same matters with your present Directors and shareholders at your board and pass resolutions to that effect.

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