Convert LLP to Private Limited Company

Convert LLP to Private Limited Company

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Conversion of LLP into private limited company

In India, private companies are one of the most common forms of business structure. They provide higher chances of growth, development and are best for raising equity capital which is not possible in case of LLP. LLP structure is not suitable if the owners require venture capitalist or private equity investors to invest in their company as they would choose to invest in a private limited company and not a partnership or LLP. The second reason for conversion is the that the FDI in case of a private limited company does not require any approval it can be done directly unlike in an LLP. Especially if the promoters or owners of the company are NRI’s or a foreigner incorporating a private limited company is a preferable choice over an LLP. Hence conversion is mandatory if the above-mentioned requirements need to be fulfilled.

Benefits of converting LLP into limited company

Documents required for conversion into Private Company

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Formulation of Company Name

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Convert into company in 3 Easy Steps

*Subject to Government processing time

Process to convert LLP to pvt ltd

Explore Conversion from LLP to Private Limited Company

Frequently Asked Questions

Once, the company is registered, it should follow below-mentioned requirements on priority:

  • Opening a current account of the company
  • Appointment of Statutory auditor
  • Deposit of paid-up capital mentioned while registration
  • Issue and allotment of shares

Maximum 3 (Three) DIN can be applied through SPICE form.
If the applicant wants to incorporation Company with more than 3 Directors and more than 3 persons don’t have DIN. In such situation applicant have to incorporate Company with 3 Directors and have to appoint new directors later on after incorporation.

While registration, minimum authorized capital of INR 1 Lakh should be provided. The requirement of minimum paid-up capital is eliminated as part of Government’s initiative to simplify business registration in India. However, each shareholder must subscribe at least 1 share for registration and amount sufficient to run business should be introduced.

In case of more than 7 partners in the LLP at the time of conversion into Company then Company have to file Scan copy of Physically prepared MOA & AOA and the company has to file 1. URC-1 and 2. INC-32.

Yes, at the time of Conversion LLP have to file “copies of the principal and all subsequent deeds including the latest deed” with the ROC in e-form URC-1.

Yes, if one of the directors is outside of India, it can be filed in an e copy format, no need of submitting a physical copy.

Yes, shares of Private Company are easily transferable among members of the company but for transferring the shares to a non-member, the share should be first offered to an existing member and if he refuses to purchase the same, the shares can be transferred to non-members.

Yes, a foreign national can be a director. For procuring DIN, details of a valid passport should be filled in form DIR-3 and a certified copy of same should be attached with DIN application. All supporting documents including photograph should be certified by the Indian Embassy or a notary in the home country of the applicant or by the Managing Director / CEO / Company Secretary of the company registered in India, in which applicant is a director. If a foreign director has a valid multiple-entry Indian visa or Person of Indian Origin card or Overseas Citizen of India card, then the attestation could also be done by Public Notary / Gazetted Officer in India or practicing CA / CS / CWA.

Yes, a private company can carry multiple businesses after conversion from the LLP, it does not have any restrictions.

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Call us at: 1800 313 4151 or Email us: support@legalwiz.in

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