Petrol Pump Reconstitution Service

Petrol Pump Reconstitution Service

Overview
Our petrol pump reconstitution service supports petrol pump dealers looking to change their business’s ownership structure through major companies like Indian Oil (IOCL), Bharat Petroleum (BPCL), and Hindustan Petroleum (HPCL). Whether it’s a proprietor change, a move to a partnership, or an adjustment in the partnership structure, we ensure the process is seamless and fully compliant.

How It Works
Our structured approach guides you through each step:

  1. Initial Consultation: We understand the type of reconstitution required.
  2. Document Collection and Review: We gather and verify all necessary paperwork.
  3. Application Submission: We submit a complete application to the relevant company.
  4. Follow-up and Approvals: We handle any follow-up with the company.
  5. Finalization: We complete all formalities, ensuring compliance and smooth operations.

Documents Needed
Here is a checklist of commonly required documents:

  • Dealership Agreement: Original and any amendments.
  • KYC Documents: ID proofs for current and new owners or partners.
  • GST and VAT Certificates: Tax registration documents.
  • Matriculation Certificate: For new owners or partners.
  • Consent Letters: Signed by all parties.
  • Financial Capability: Balance sheet and income tax returns for the last three years.
  • Partnership Deed: If converting to a partnership.
  • Company-Specific Forms: Additional forms as required by the company.

Fees
The fees for reconstitution vary based on the company and may have additional charges for GST and VAT registration or partnership adjustments:

CompanyReconstitution FeeAdditional Fees
Indian Oil Corporation (IOCL)INR 25,000Extra charges apply for GST and VAT registration or any partnership changes
Bharat Petroleum (BPCL)INR 20,000Extra charges apply for GST and VAT registration or any partnership changes
Hindustan Petroleum (HPCL)INR 20,000Extra charges apply for GST and VAT registration or any partnership changes

Get Started
Ready to make a change? Contact us today, and we’ll take care of the details, ensuring a smooth and compliant reconstitution process.