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Procedure for conversion Partnership Firms to LLP (Limited L


CA Shree Jain (Chartered Accountant)     12 June 2010

CA Shree Jain
Chartered Accountant 
 203 likes  1562 points

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PARTNERSHIP firms to LLP (Limited Liability Partnership)

The precondition for conversion for your partnership firm is:

1.      Partnership should be a registered under Indian partnership Act 1932

2.      All the partners of existing firm should compulsorily become the partners of LLP

3.      Minimum 2 partners as Designated Partners and one of them should be Resident in India.

4.      Digital Signature Certificate for one of the Designated Partners.

5.      LLP (Limited Liability Partnership) Name.

6.      LLP (Limited Liability Partnership) Agreement

7.      Registered Office for the existing partnership firm

Procedure for conversion

1.       Obtain name approval for LLP (Limited Liability Partnership)

2.       Application for conversion of firm to LLP in Form 17

3.       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

4.       After verification, registrar will register all documents and issue Certificate of registration

5.   Upon registration of LLP, file an intimation to the Registrar of Firms stating the fact that firm is converted into LLP

Swati Baidya (Legal & Compliance Officer)     09 November 2010

Swati Baidya
Legal & Compliance Officer 
 7 likes  69 points

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Dear Professionals,

Can anyone please guide me if the partners of the partnership firms are directors in any body corporate and they have been alloted DIN No. , do they still have to apply for DPIN no. , if they want to convert their partnership firm to LLP, or their DIN no can be taken as DPIN No. for LLP purpose??

Plesae suggest me in this regards

Regards

Swati Baidya, CS

pramod (Company Secretary in Practice)     31 March 2012

pramod
Company Secretary in Practice 
 5 likes  149 points

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Yes, DIN number and DPIN numbers are now treated as same.

Regards


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