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Conversion Of LLP To Private Limited Company

Ministry of Corporate Affairs has passed a notification on 31st May, 2016 in such notification its allowed conversion of LLP into Company. For such conversion there is need to prepare a list of documents and required to file the same with ROC in forms like URC-1, Spice plus etc. While conversion there is need to consider the implications of income Tax provisions also like Capital Gain.

Benefits of Conversion To Private Limited Company

Separate legal entity

Limited liability

No minimum capital requirement

Lesser numbers of members i.e. 2

MINIMUM REQUIREMENTS FOR CONVERSION TO PRIVATE LIMITED COMPANY

  • Minimum 2 Shareholders and 2 Directors
  • Minimum Authorised Share Capital Rs. 100,000
  • No provision for minimum paid up capital.
  • The directors and shareholders can be same person
  • DIN (Director Identification Number) for all Directors
  • PROCEDURE FOR CONVERSION OF LLP INTO PRIVATE LIMITED COMPANY

    DETAILS/DOCUMENTS REQUIRED FOR PRIVATE LIMITED COMPANY

    PAN CARD & ADHAAR CARD

    VOTER-ID or DRIVING LICENSE or PASSPORT

    PROOF OF RESIDENCE

    PROOF OF REGISTERED OFFICE

    MOBILE NUMBER

    EMAIL ADDRESS

    PASSPORT SIZE PHOTOGRAPH

    PLACE OF BIRTH

    EDUCATIONAL QUALIFICATION