conversion of private co into llp
Nikita Agarwal (11 Points)
26 February 2019
how to convert private co into llp
4 Replies
Charu Srivastava
(Company Secretary)
(4210 Points)
Replied 26 February 2019
Yes, any existing private company or existing unlisted public company can be converted into LLP by complying with the Provisions of clause 58 and Schedule III and IV of the LLP Act. Form 18 needs to be filed with the registrar along with Form 2 for such conversion.
Please note that the company may convert into a LLP if and only if- • There is no security interest in its assets subsisting or in force at the time of application; and • The partners of LLP to which it converts comprise all the shareholders of the Company and no one else.
pritesh jain
(155 Points)
Replied 27 February 2019
can an llp convert into Pvt company I had never seen any article on Google regarding it...
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