Conversion Process of LLP

Private Limited Company to LLP

A private limited company can any time with the concern of its management and shareholders/ promoters be converted into limited liability partnership firm by accomplishing the following conditions which indeed required to be taken for granted before opting any in the form of company.

1. No pendency of E-forms which was required to be filled by the company in previous year
2. No charges are pending for a company with MCA sites
3. A company must have completed one year of services after registration
4. A company must have updated all forms and returns

Below is the procedure which is required to be followed to convert a private limited company to LLP

1. Calling a Board meeting by the private limited company and passing a resolution mentioning the proposed conversion. Also it is required to authorized any of the director to obtain the desired name of proposed LLP from MCA by filling e-form 1
2. Obtaining DPIN for very director for the proposed directors of proposed company
3. Preparing all necessary incorporation documents of LLP through e-form 2 and e-form 4
4. Filing the e-form 18 with MCA portal the application for conversion into LLP together with the demanded documents and attachments
5. At last it is required to intimate the concern ROC regarding conversion of company into LLP within 15 days of registration of LLP through e-form 14