Conversion of Proprietorship
Private Limited Company

DPIN & DSC for all Partners.

For Conversion, there must be at least two shareholders and two directors.

Two directors are required, of whom at least one must be an Indian resident.

A copy of each proposed partner's PAN card.

Passports, election cards or voter identity cards, ration cards, driving licenses, and Aadhaar cards are all acceptable forms of address or identity proof for Indian citizens not more than 2 months old.

The Partner's Ownership Proof must include no more than 2 months old Electricity Bills, Telephone Bills, Gas Bills, Mobile Bills, or any other utility bills from the company location.

For Digital Signature Certificate we required two most recent passport photos.

All directors and members must provide the most recent bank statements no older than two months.

If a rented premises agreement or property papers are required, a copy of address proof is required.

The landlord NOC should be in given downloaded PDF format.

The business receives ownership of all of the proprietorship's assets and liabilities.

The individual sole proprietor's ownership stake should be at least 50%.

The ownership of the shares must be valid for five years.

The sole proprietor cannot get any benefits relating to the allocation of shares.

The proprietorship firm and the corporation must execute a sale agreement or takeover agreement.

According to the MOA, one of the company's goals must be to acquire the sole proprietorship's business.