LIVE GST Audit Course by CA Sachin Jain. Register Now!!

Is it possible to convert llp into pvt ltd co

CA Devesh Bisht (Chartered Accountant) (258 Points)

04 January 2016

Please provide detailed procedure.. regards,

Reply
Follow
Share

2 Replies

Charu Srivastava (Company Secretary) (4210 Points)
Replied 04 January 2016

The conversion of LLP into Private Limited Company is currently not possible in India, as both LLP Act, 2008 and Companies Act, 2013 are silent about the matter.

The LLP Act, 2008 does not provide any facility for conversion of a LLP into a private limited company.

In the newly introduced Companies Act, 2013, LLP is mentioned among companies that are capable of being registered as a Company. However, no rules have so far been issued by the Ministry of Corporate Affairs establishing the procedure for conversion of LLP into Private Limited Company. Therefore, currently a LLP cannot be converted into a private limited company.

1 Like

CMA Sachin Warat (PRACTICING COST ACCOUNTANT) (216 Points)
Replied 05 January 2016

Yes, I agree with Charu Sir. In the newly introduced Companies Act, 2013, LLP is mentioned among companies that are capable of being registered as a Company. However, no rules have so far been issued by the Ministry of Corporate Affairs establishing the procedure for conversion of LLP into Private Limited Company. Therefore, currently a LLP cannot be converted into a private limited company.