Conversion of LLP into Private Limited Company
With Firm Registration
Convert your LLP into Private Limited Company starting at Just ₹ 15,500/- only
- Ideal for raising funds
- For medium and large sized business
- Simple & Secure Online Process
- Dedicated Professional
- Get Conversion in 20-25 Days
- Get Post Incorporation Assistance
Get Quote Instantly in a Minute
Introduction
As Private Companies are one of the most popular forms of business structure in India. The entire world is gradually shifting towards one global market without any trade barriers between the countries. With the emergence of promotional startup benefits, a large number of entrepreneurs are looking forward to corporatization. They provide the opportunities of higher chances of growth and development and are also best for raising the equity capital which is not possible in case of a LLP.
The structure of LLP is not suitable for the owners who require venture capitalist or a private equity investor to invest in the company as they would choose to invest in a private limited company and not a partnership or a LLP. The second reason for conversion is that the Private Limited Companies are mostly preferred in case of FDI, especially if the promoters and/or owners of the company are the NRI’s or foreigner incorporating a private limited company
Advantages
Firm Registration
Advantages of Conversion of LLP into Private Limited Company
Minimum
Firm Registration
Minimum Requirements
- Minimum Two Directors and maximum Fifteen
- Minimum Two Shareholders
- Minimum one Director shall be Indian resident
- Digital Signatures of Subscriber and Directors
- No Minimum Capital requirement.
- Newspaper Advertisement
Documents
Firm Registration
Documents Required for Conversation of LLP into Pvt. Ltd.
Pan Card and Aadhar Card of Partners
Photograph of partners
LLP Agreement and Certificate of Incorporation
Latest ITR of LLP
Statement of Assets and Liabilities (Latest)
Cutting of newspapers advertisement
NOC from all the creditors, if any
Business Address Proof Owned Property : (Copy of Registry and Latest Govt. Electricity Bill or Water Bill)
Business Address Proof Rented/leased: (Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill)
Process
Firm Registration
Process for Conversion of LLP into Private Limited Company
1. Complete the Application Form
You are requested to first fill the simple questionnaire provided by our expert team.
Step 01
2. Document Processing
At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.
Step 02
3. Name Availability
The next step is check the name availability. The name should be unique in nature and should not be similar to name of any other entity registered. It may take at least 1-2 days. The consent of partners have to be taken for the application.
Step 03
4. Newspaper Advertisement
We will provide the format for the newspaper advertisement which shall be published in a newspaper in English and in any vernacular language, circulating in the district in which Limited Liability Partnership is situated.
Step 04
5. E-filing for conversion into LLP
Once the name is approved, and no objection has been received for such conversion, an online application will be filed along with the requisite documents as obtained from the client with ROC in FORM URC-1 along with Spice+. The MOA as well as AOA shall be filed along with it. This process again takes approximately 2-3 days.
Step 05
6. Get Certificate of Incorporation
Once the Company gets incorporated we will share all the docs like Incorporation Certificate, MOA , AOA and Digital Signatures.
Step 06
Convert
Firm Registration
Convert your LLP to Pvt Ltd Company ₹15,500/-
- 2 Digital Signature Certificates
- INC 20A Commencement of Business Certificate
- Company Incorporation using SPICe
- MOA & AOA
- GST Registration
- (Newspaper Advertisement Charges (Excluded)
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital (Rajasthan)
- Bank Account Open
- PAN/TAN
- ESI Registration
- PF Registration
More insights
Firm Registration
More insights on conversion of LLP
Loans
How to Select the Name of Company
- You can check Company name availability thereby logging into MCA where you need to keep in mind two or three available options along with the activity type. Our team will assist you in the selection of name of company.
- Also, along with checking the name availability we also need to check the trademark if already registered under the proposed name which makes the online application for registration more powerful. If you want to have a trademark of your word or logo you can get the same through Firm Registration by clicking on the link Trademark Registration
Deposits
Other Key Points
- If the proposed Director is already having the DIN then you can also check whether DIR-3 KYC is completed. You can verify the same with the help of our experts. If the same is not done yet, it can be done with help of Firm Registration.
- The private limited company is required to manage all the compliances after incorporation of the company like appointment of statutory auditor, filing commencement of business, Income Tax Filing, Annual Returns with ROC and other compliances as required by the law. Firm Registration has a team of experts who keeps an eye on the due dates of your compliances and reminds you through mails.
Faq's
Firm Registration
FAQs on Conversion of LLP to Private Limited Company
What is the minimum capital requirement?
There is no minimum capital requirement as per the Companies Act, 2013 .
How to file the Conversion form in case of more than 7 partners in the LLP?
In case of the Limited Liability Partnership having more than 7 partners at the time of conversion into Company then the Company shall have to file a Scanned copy of the Physically prepared MOA & AOA and the company shall have to file URC-1 and SPICE+ along with MOA and AOA.
Can a Foreign National or NRI be a Director of a Company?
Yes, the above person can become a Director post obtaining Director Identification Number. However one Director should be Indian Resident.
Is it mandatory to have an Auditor and if yes in what time period it is required to be appointed?
As per Companies Act, 2013 it is compulsory to have an individual as an Auditor of a Company. The first Auditor shall be appointed within 30 days from the date of Incorporation by the Board of Directors .
What are the statutory requirements to be fulfilled once a Company is registered?
There are certain basic requirements to be fulfilled after conversion like:-
- Opening a current account of the company
- Appointment of Statutory auditor
Can a Private Limited Company carry a multiple business after the conversion of the Limited Liability Partnership?
The Act doesn’t imposes any restrictions on carrying the multiple businesses after conversion from the Limited Liability Partnership into Private Limited Company.
Whether it is necessary to have a PAN Card?
Yes, for Indian nationals becoming a Director in a Company it is mandatory to have a PAN Card and Passport in case of Foreign Nationals.
What is Company Registration Certificate?
It is the documentary proof evidencing that the Company has been registered and having its unique identification number as Corporate Identification Number.