Market Price: ₹4564
World Legal India Price: ₹2413
Legal process to convert a sole proprietorship business into a Private Limited Company under the Companies Act, 2013.
Market Price: ₹4564
World Legal India Price: ₹2413
Legal process to convert a sole proprietorship business into a Private Limited Company under the Companies Act, 2013.
Structure for Document:
Title: Convert Proprietorship to Private Limited Company
Description: Short description (max 30 words)
Content: 150–200 word detailed explanation
Process Steps (optional):
Obtain DSC and DIN for proposed directors
Draft MOA and AOA suitable for Private Limited Company
File SPICe (INC-32), MOA (INC-33), and AOA (INC-34) with ROC
Transfer proprietorship assets, liabilities, and operations to the company
Obtain certificate of incorporation and update statutory records
pdf details here...
Converting a proprietorship into a Private Limited Company allows the business to gain a separate legal identity, limited liability protection, and the ability to raise equity capital from investors. The process begins with obtaining Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for the proposed directors. Next, the business prepares the Memorandum of Association (MOA) and Articles of Association (AOA) suitable for a Private Limited Company, specifying the company’s objectives, shareholding structure, and governance framework. The incorporation application is then filed with the Registrar of Companies (ROC) using SPICe (INC-32), along with MOA (INC-33) and AOA (INC-34). Upon approval, the proprietorship’s assets, liabilities, and operations are transferred to the newly incorporated Private Limited Company. Professional guidance is recommended to ensure accurate documentation, statutory compliance, and smooth transition. Successfully converting to a Private Limited Company enhances credibility with banks, clients, and investors, provides perpetual succession, and facilitates structured governance and business growth. Proper conversion ensures legal recognition, protects the owner’s personal assets, and establishes a robust corporate framework for future operations.