Conversion of Pvt. Ltd. to Partnership

Benefits of Converting a Company into LLP

  • In Company members can transfer their shares only through court , but in an LLP transfer of shares is possible.
  • In Company there is minimum capital requirement of 1,00,000/5,00,000 but in LLP there is no such requirement.

Process of Conversion

  • Obtain DIN.
  • Board Meeting - to pass resolution for conversion.
  • Application for availability of name in e-form LLP-1 filed to ROC.
  • Drafting LLP agreement in e-form LLP-3.
  • Filing of incorporation documents in e-form LLP-2.
  • Filing of application for conversion in e-form 18.
  • Issue of certificate of registration in form 19.
  • Filing of e-form 14.