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CA. SANAT PYNE (F.C.A. & M.COM)     27 August 2010

Conversion of PRIVATE LIMITED COMPANY to LLP

PRIVATE LIMITED COMPANY to LLP
Preconditions for conversion

* The company should be registered under Companies Act, 1956
* There should not be any security interest subsisting on the assets of the company at the time of application
* Partners of LLP should comprise all the shareholders of the company and no one else.
* Minimum 2 partners as Designated Partners and one of them should be resident in India
* Digital Signature Certificate for one of the Designated Partners
* LLP (Limited Liability Partnership) Name
* LLP (Limited Liability Partnership) Agreement
* Registered Office

Procedure

* Obtain name approval for LLP (Limited Liability Partnership)
* Application for conversion of firm to LLP in Form 18
* File the following forms along with a statement by all partners with registration
* number and date of registration of the firm.
Form 2 : Details of partners, registered office etc
Form 4 : Consent of Partners – Consent of each partner to become a partner of Liability Partnership
Form 3 : LLP agreement – this can be filed with in 30 days from the date of registration
* After verification, registrar will register all documents and issue Certificate of registration
* Up on registration of LLP, file an intimation to the Registrar of Companies in Form 14 stating the fact that the company is converted into LLP



 13 Replies

MOONMOON

MOONMOON (finance manager)     27 August 2010

valuable information sir.

1 Like
gauravibha

gauravibha (proprietor)     27 August 2010

nice posting sir.

Ajay Mishra

Ajay Mishra (Company Secretary)     27 August 2010

Sir

 

Kindly sugges there is need to take new name for conversion of Private Company  into LLP ?

 

Regards

CS Ajay Mishra

 

Sakshi

Sakshi (3)     27 August 2010

thanks a lot

J  Ravesanker

J Ravesanker (Partner)     28 August 2010

That's great.  A very useful checklist indeed

Can you send this as a separate file?

Thanks

CA J  Ravesanker FCA

Coimbatore

alokj

alokj (manager)     04 September 2010

Hi,


Can anybody advice and execute a conversion of P ltd to LLP in short time without fleecing...?? I am willing to pay reasonable professional charges.

Contactable at

alok jain

98110 75877

CS Ankur Srivastava

CS Ankur Srivastava (Company Secretary & Compliance Officer)     04 September 2010

Thanks for sharing Sir.

Arjun Rajaram

Arjun Rajaram (Owner)     16 October 2010

very useful. thx

Payal Jain

Payal Jain (CS)     19 October 2010

Sir,

can u tell that whts d professional fees should we charge..??

n also tell that wht exp have to bear d Co.

1 Like
Daksh

Daksh (chartered accountant)     10 June 2013

sir what to change in LLP agreeement in the same case and what will effect on profit of prior period?

Sarvesh

Sarvesh (Company Secretary)     10 June 2013

Useful and valuable information. Thanks for sharing.

JASMINE

JASMINE (Company Secretary)     10 June 2014

Sir,

Could you please send me the specimen of draft LLp Agreement in case of conversion of Private Limited Company into LLP.

Mohit Saluja

Mohit Saluja (Legal Executive)     25 June 2014

Thanks ..!!


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