Merger

nishad (Querist) 05 July 2010 This query is : Resolved
How to merge a propeitorship firm to an existing private company?what are its procedures legally?

Thanks

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AA RAMAKRISHNAN (Expert) 05 July 2010
Dear Member:

The easiest way that the pvt. co. should purchase the prop. concern and in retun issue shares to the extent of the value of the assets to the propietor. You need not make any registration of the properties if you make him as director and pool the assets in the business of the co. No problem with the tax laws.

Thanks
AAR. Krishnan

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