Conversion of LLP in to Private Limited Company

[Deepa Aramani]

 Dear Members,

 What is the procedures for conversion of LLP in to Private Limited Company??

[Pcs_sandip Lathiya]

Pls share procedure if anyone done.

On Tue, Oct 15, 2019 at 10:30 AM Deepa Aramani <darama...@gmail.com> wrote:

 Dear Members,

 What is the procedures for conversion of LLP in to Private Limited Company??

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“IF YOU THINK COMPLIANCE IS EXPENSIVE, TRY NON-COMPLIANCE”

Best Regards.....!!!

Cs Sandip Lathiya

Practising Company Secretary

Contact:-

Email Id:- pcssa...@gmail.com

Whatsapp Contact No:- +91 96246 40038

Hike Contact No:- +91 96246 40038

[CS Ronak Rathi]

Process for Conversion of LLP into Company:

Note: Foremost Condition for Conversion is “There should be 7 (seven) or more member in the partnership firm at the time of conversion”. However, MCA has reduced this limit to 2 (Two) under Companies Amendment Act, 2017. This amended provision still not applicable as on 30.04.2018

First Step:

Hold a meeting of the partners to take assent of majority of its members summoned for the purpose of registering the LLP under Section 366 of the Companies Act, 2013.To authorize one or more partners to take all steps necessary and to execute all papers, deeds, documents etc. pursuant to registration of the LLP as a Company.

LLP Have to apply for Avaibility of the Name in RUN. One of the major advantages is that the business can be run under the same name as that of the LLP (subject to avaibility of name as per Name Avaibility guidelines of Companies Act) except that in addition to the name of the LLP the words ‘limited’ or ‘private limited’ has to be added.

Second Step:

On obtaining the approval of Name, file the following belowForm along with required documents with the registrar of Companies within 20 days from the date of name approval.

List of Documents required filing with ROC for conversion of LLP into Company:
E-form URC-1
Company required filing e-form URC- 1 along with all the below mentioned documents:

i. A list showing the names, addresses, and occupations of all persons named therein as members with details of shares held by them


 
ii. a list showing the particulars of persons proposed as the first directors of the company

iii. an affidavit from each of the persons proposed as the first directors, that he is not disqualified to be a director under sub-section (1) of section 164 and that all the documents filed with the Registrar for registration of the company contain information that is correct and complete and true to the best of his knowledge and belief

iv. a list containing the names and addresses of the partners of the Limited Liability Partnership

v. Copy of LLP Agreement

vi. a statement of assets and liabilities of the Limited Liability Partnership duly certified by a chartered accountant in practice which is made as on a date not earlier than thirty days of the filing of form no.URC-1

vii. a copy of latest income tax return of the Limited Liability Partnership

viii. an undertaking that the proposed directors shall comply with the requirements of Indian Stamp Act, 1899 (2 of “1899)

ix. written consent or No Objection Certificate from all the secured creditors of the applicant

x. written consent from the majority of Partners

xi. a statement specifying the following particulars:—

♦ the nominal share capital of the company and the number of shares into which it is divided;

♦ the number of shares taken and the amount paid on each share;

♦ the name of the company, with the addition of the word “Limited” or “Private Limited” as the case may require, as the last word or words thereof;

E-form INC- 33 / INC-33 / INC-34
Company required to file e-form INC-32/ INC-33/ INC-34 along with URC-1 as linked form with all the attachment as required in normal Incorporation of Company like:

xii. MOA & AOA

(Physical in case of more than 7 subscribers otherwise INC-33 and INC-34)

xiii. INC-9

xiv. DIR-2 etc.

Thanks & Regards

CS Ronak Rathi

07014751987

On Tue, Oct 15, 2019 at 10:30 AM Deepa Aramani <darama...@gmail.com> wrote:

 Dear Members,

 What is the procedures for conversion of LLP in to Private Limited Company??

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[CS Ronak Rathi]

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[Pcs_sandip Lathiya]

Just want to an correction in above mention procedure

1. E-form INC- 33 / INC-33 / INC-34

Company required to file e-form INC-32/ INC-33/ INC-34 along with URC-1 as linked form with all the attachment as required in normal Incorporation of Company like: 

INC 33 & 34 will not part in the case of conversion

2. Minimum Number of Member now is 2.

others view are welcome.

 

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[Rajeshwari R]

Dear Sir,

Agreed. Minimum 2 partners required.

Advertising in news paper is required?

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Regards,

Rajeshwari. R

[CS Rajat Agrawal]

Please go through Section 366 of the Companies Act, 2013 and Rule 3(2) of Companies (Authorized to Register) Rules, 2014. Half of your questions will be resolved by reading them.

With Kind Regards,  

CS Rajat Agrawal (Proprietor) | Rajat Agrawal & Co. Company Secretaries Ph. No.: +91 7003 899 800 WhatsApp Text Link: https://wa.me/917003899800 LinkedIn: https://www.linkedin.com/company/csrac/

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[Raja]

Advertisement should be required to publish in place where the LLP registered office is located in Local language and English language.

Sent from Yahoo Mail on Android

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[Amit Nagda]

Can you share the documents for conversion of llp to private limited company

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