- +91 9953719111
Fast Track registration process .
Expert guidance and continued advisory services.
2000+ Businesses incorporated since
Any established sole proprietorship operating legally in India is eligible for conversion to a PLC. However, certain criteria must be met, such as:
● Minimum of two directors (one can be the proprietor)
● Share capital of at least INR 1 lakh
● Registered office within India
Converting to a PLC offers several benefits, including:
● Limited Liability: Personal assets of the proprietor are shielded from business debts and liabilities.
● Separate Legal Entity: The PLC exists as a distinct entity from its shareholders, providing greater stability and continuity.
● Fund Raising: Access to new funding avenues like venture capital or angel investors becomes easier.
● Professional Image: A PLC projects a more professional image, enhancing stakeholder trust and credibility.
1. Slump Sale Agreement: Formulate a detailed agreement outlining the transfer of assets and liabilities from the proprietorship to the PLC.
2. Company Formation: Incorporate the PLC with the Ministry of Corporate Affairs (MCA) by:
○ Obtaining DINs and DSCs for directors.
○ Filing Form-1 for name availability.
○ Drafting MOA and AOA.
○ Applying for incorporation with MCA.
3. Transfer of Assets and Liabilities: Execute the slump sale agreement to formally transfer assets and liabilities.
4. Post-Conversion Activities:
○ Obtain PAN and TAN for the PLC.
○ Update all licenses and registrations.
○ Open a bank account in the PLC’s name.
○ Maintain separate accounting records.
● Identity and address proof of directors (PAN, Aadhaar, Voter ID)
● Passport-sized photographs of directors
● Proof of registered office address (ownership/rental agreement, NOC)
● Business bank statements and financial records
● Slump sale agreement
● MOA and AOA
Fill the form or Chat with one of our executive to get all the details.
Submit all necessary documents required for company registration.
Get your work done in in 10-15 working days
Our Ultimate Startup Package Service Include
/Including Govt. Fees
Our Ultimate Small Business Package Service Include
/Including Govt. Fees
Our Ultimate Enterprise Package Service Include
/Including Govt. Fees
The process involves obtaining approval from the sole proprietor, incorporating a private limited company, transferring assets and liabilities, and complying with legal requirements for conversion.
Reasons may include limited liability protection, enhanced credibility, easier access to funding, scalability, and tax benefits associated with corporate structures.
The conversion must comply with the provisions of the Companies Act, 2013, and involve obtaining necessary approvals from regulatory authorities, filing required documents, and paying prescribed fees.
Yes, most businesses can be converted, subject to compliance with legal requirements, eligibility criteria, and assessment of business viability.
Documents such as incorporation documents, asset transfer agreements, board resolutions, special resolutions, and necessary forms for filing with the RoC are required.
The process must be completed within a specified timeline, as per the requirements of the Companies Act, 2013, and any applicable regulations.
Non-compliance may lead to rejection of conversion by regulatory authorities, penalties imposed by the RoC, and adverse impact on the business's legal status and operations.
Yes, Avenue Advisory provides expert assistance for conversion, including assessing eligibility, preparing documents, filing applications, and compliance monitoring.
Avenue Advisory ensures compliance with the conversion procedure by guiding clients through the process, preparing accurate documents, and liaising with regulatory authorities for approvals.
Outsourcing to Avenue Advisory ensures accuracy, compliance, timely processing, and expert support, enabling businesses to focus on their core operations while transitioning to a corporate structure.
Share your needs and questions through our Quick Enquiry Form. Connect with a friendly advisor for a personalized call within 24 hours. Receive a clear quote without any obligation - it's all about understanding your goals!
Our dedicated advisors listen to your needs and help you explore options. We make things clear and answer any questions you have along the way. Get expert guidance and feel confident about your next steps.
Access our streamlined platform for easy document management. We provide a simple questionnaire and checklist to ensure everything's covered. Relax knowing we're here to guide you every step of the way.
Receive a transparent and fixed fee before you proceed – no surprises! Focus on achieving your goals knowing everything is handled efficiently and ethically. Trust our expertise and enjoy the journey towards your success.
