CONVERSION OF FIRM INTO COMPANY

[Coms Corporate Solutions LLP]

Hello Fellow Professionals,

I am currently working on the conversion of a Partnership Firm into a Private Limited Company. As on date, the total capital contribution of the partners (including both capital and current accounts) is in the range of Rs. 11–15 crores.

I would like to understand whether, while filing SPICe+ Part B, it is mandatory to reflect the same amount as the company’s capital in the incorporation forms, or whether a lower capital (for instance, Rs.10 lakhs) can be considered at the time of incorporation, with the balance being introduced at a later stage.

Would appreciate your guidance on the same.

[Vinod Kumar Agarwal]

In my opinion, you cannot make any changes at the stage of incorporation in respect of partners, ratio, capital, address, terms etc.

If any changes are desired, it has to be effected and documented prior to conversion

--
If you want to join our Whatsapp Group "Gyan Gurukul" for quick updates on Recent Amendments and resolution of Queries, drop message to us on our whatsapp no 8130757966 (mention your Profession, Name, City).
---
You received this message because you are subscribed to the Google Groups "Gyan Gurukul - CS Divesh Goyal" group.
To unsubscribe from this group and stop receiving emails from it, send an email to gyan-gurukul-cs-dive...@googlegroups.com.
To view this discussion visit https://groups.google.com/d/msgid/gyan-gurukul-cs-divesh-goyal/aa48f2cb-e78b-4318-b96d-d447868d2f8en%40googlegroups.com.

[Rupesh Mahadeshwar]

i think your Fixed capital would reflect in Share capital

To view this discussion visit https://groups.google.com/d/msgid/gyan-gurukul-cs-divesh-goyal/CAAAj0XFC16mKq%3Dqm9eioPniGJF2Uw%2BinDQfSvaiqs%3D8cswVZ_A%40mail.gmail.com.

--

Regards,

CS Rupesh Mahadeshwar
R Mahadeshwar & Co.
B.Com, LLB, ACS
Mo. No +91 95-276-34569
Land Line: 022 2678 7860
E:  rup...@csrmac.com

Web : www.csrmac.com

​Off Add: ​​601 Bild No 03 NG PARADISE CHSL

HATESH, UDYOG NAGAR, NEAR GCC CLUB 

MIRA ROAD THANE-401107