- Obtain a DSC (Digital Signature Certificate). All the partners will require a digital signature.
- Obtain a DPIN (Designated Partner Identification Number). Every Member should apply for DPIN/DIN (Director Identification Number).
- Next, apply for name approval. The naming guidelines for LLP shall apply.
- Finally, file LLP Form 17, LLP Form 2 and LLP form 3 for the conversion.
Conversion of Partnership into LLP
List of documents required to apply for the conversion include:
- Address proof of registered office
- Approval by regulatory authority, if any
- Details of partnership (including details of partners and directors)
- Consent of all the partners
- Copy of the latest income tax return (Acknowledgment)
- No Objection Certificate from tax authorities
- List of creditors and their consent and
- Statement of liabilities and assets, duly certified.
Conversion of Partnership into a Private Limited Company :
- A minimum of Two partners.
- A minimum share capital of Rupees one lakh.
- Object Clause of your Memorandum of Association should permit the company to be formed to acquire the assets and liabilities of the existing firm.
- Obtain DSC (Digital Signature Certificate) and DIN (Director Identification Number).
- Memorandum of Association and Articles of Association to be drafted.
- Apply for name approval. The naming guidelines for Private Limited Company shall apply.
- Filing of form 18, 37, 32, 39, 40 and 41 along with identity proof, address proof of registered office and a No-objection certificate from the landlord.