Conversion of LLP to Private
There are businesses in India who begin their journey as a Limited Liability Partnership (LLP), but now are keen on converting into a private limited company for more growth and prosperity in business. Provision mentioned in the Section 366 of the Companies Act, 2013 and Company (Authorised to Register) Rules, 2014, says that an LLP can be converted into a Private limited Company.
Documents Required for Conversion of LLP into a Private Limited Company
Address Proof of the applicant
Identity Proof of the applicant
Passport size photograph of the applicant
Documents required at the time of filing of Form URC-1
Details such as name, address and shares held by the members along with the member’s list.
Furnish the details such as Name, Address, DIN, passport number along with an expiry date of all the directors of the Private Limited Company.
Also, file all mandatory documents with the Registrar of Companies for the registration of the company
Copy of Limited Liability Partnership agreement with a list attached mentioning the name and address of the partners of LLP and a certified copy of registration which is duly verified by at least two designated partners of LPP is required.
The statement with the details of the nominal share capital of the firm and the number of shares separated the number of shares taken and the amount remitted for each share and the name of the firm with the word private limited to be provided.
No-objection certificate from all the creditors has to be provided.
Duly certified accounts statement of the company by the auditor, which should not be less than six days from the date of application and the copy of the newspaper advertisement is required.