The process of converting a Sole Proprietorship into a Private Limited Company, transferring the business and its assets/liabilities to the newly incorporated company.
Growing proprietorships wanting limited liability, better funding access, and a formal corporate structure.
Ministry of Corporate Affairs (MCA), Companies Act 2013
Proprietorship's PAN & GST details; takeover/slump sale agreement; PAN & Aadhaar of proprietor (as director/shareholder); registered office proof; MOA & AOA; DSC & DIN.
No, the new Private Limited Company gets its own PAN as it is a separate legal entity.
They generally need to be transferred or reapplied for in the new company's name.