To convert a private limited company to an LLP, certain preconditions must be met. The company must be registered under the Companies Act of 1956, have no security interests in its assets, and its partners must comprise all the company's shareholders. The LLP must have a minimum of 2 designated partners, one of whom is a resident of India, and a digital signature for one partner. Once name approval is obtained, forms detailing the partners, consent, and LLP agreement must be filed. Upon verification, the registrar will register the documents and issue a certificate, and Form 14 must be filed to intimate the conversion.
To convert a private limited company to an LLP, certain preconditions must be met. The company must be registered under the Companies Act of 1956, have no security interests in its assets, and its partners must comprise all the company's shareholders. The LLP must have a minimum of 2 designated partners, one of whom is a resident of India, and a digital signature for one partner. Once name approval is obtained, forms detailing the partners, consent, and LLP agreement must be filed. Upon verification, the registrar will register the documents and issue a certificate, and Form 14 must be filed to intimate the conversion.
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To convert a private limited company to an LLP, certain preconditions must be met. The company must be registered under the Companies Act of 1956, have no security interests in its assets, and its partners must comprise all the company's shareholders. The LLP must have a minimum of 2 designated partners, one of whom is a resident of India, and a digital signature for one partner. Once name approval is obtained, forms detailing the partners, consent, and LLP agreement must be filed. Upon verification, the registrar will register the documents and issue a certificate, and Form 14 must be filed to intimate the conversion.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOC, PDF, TXT or read online from Scribd
* The company should be registered under Companies Act, 1956
* There should not be any security interest subsisting on the assets of the company at the time of application * Partners of LLP should comprise all the shareholders of the company and no one else. * Minimum 2 partners as Designated Partners and one of them should be resident in India * Digital Signature Certificate for one of the Designated Partners * LLP (Limited Liability Parnership) Name * LLP (Limited Liability Parnership) Agreement * Registered Office
Procedure
* Obtain name approval for LLP (Limited Liability Parnership)
* Application for conversion of firm to LLP in Form 18 * File the following forms along with a statement by all partners with registration * number and date of registration of the firm. Form 2 : Details of partners, registered office etc Form 4 : Consent of Partners – Consent of each partner to become a partner of Liability Partnership Form 3 : LLP agreement – this can be filed with in 30 days from the date of registration * After verification, registrar will register all documents and issue Certificate of registration * Up on registration of LLP, file an intimation to the Registrar of Companies in Form 14 stating the fact that the company is converted into LLP