Conditions for conversion of pvt. ltd. company into llp?

Others 1445 views 2 replies

I am engaged in setting up a new entity registered as a Private Limited Company in 2007. At present there it is under Construction and will be operational in next financial year. So at present the company has no reserves and profit.

I like to know that is it possible to convert such company into LLP as there is lesser statutory compliance and no Dividend Distribution Tax on LLP. Is it possible now to convert as the company has at present 1.5 crore issued share capital and 1.5 crore as  Term Loan taken from Bank? 

Replies (2)

yes but plz note following points.

unsecured creditors consent must be taken 

Apply 4 DPIN

income tax return and annual report to be submitted

form 1 for name aaproval

Simultaneously with Form 2, file Form 18 for conversion into LLP along with
Latest statement of assets and liabilities certified by a CA / auditor (not more than 30 days old)

form 14 with roc

form 3 & 4 after confimation of form 14

Please share Format of resolution for Conversion of pvt ltd company to LLP ..,


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