Limited Liability Partnership (LLP) structure is not suitable if the owners want to tap investments from market. A firm initially established as LLP might later on want to convert into a Private Limited Company (PVT LTD) for better opportunities of growth and expansion. Section 366 of the Companies Act, 2013 and Company (Authorised to Register) Rules, 2014 lays down the provisions for facilitating the conversion.
Documents required for Conversion
- Consent from all partners for dissolution
- No-objection certificate from all partners
- Digital Signature of authorized partner
- LLP Agreement and Registration Certificate
- Copy of Newspaper advertisement
- Photograph of all shareholders and directors
- PAN Card copy of all shareholders and directors
- Identity Proof copy of all shareholders and directors
- Address Proof copy of all shareholders and directors
- List of members with name, address and share held
- Active DIN and Digital Signature of proposed director
- MOA, AOA and Declarations from proposed directors
- Address Proof copy of registered office
- List of all the creditors along with their consent
- No-objection certificate from tax authorities
- Duly certified accounts statement of LLP
E-tax Conversion Service Covers
- Advisory in relation to conversion
- Organizing the required meetings
- Obtaining approval for company name
- Securing DIN and DSC of proposed directors
- Formulation of memorandum and articles
- Preparation of relevant documents
- Obtaining fresh Pan Card of company
- Filing of necessary e-forms with ROC
- Issuance of Certificate of Incorporation
- Guidance over finance and taxation matters
- Support for compliance of legislative norms