Private Limited to LLP

Private Limited to LLP

The process for conversion of a Private Limited Company to a Limited Liability Partnership (LLP) is as follows:

1. Obtain Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the proposed designated partners of the LLP.

2. Hold a Board Meeting of the Private Limited Company and pass a resolution to initiate the process of conversion and authorize a Director or Company Secretary to make an application to the Registrar of Companies (ROC) for conversion.

3. Apply for the name approval of the LLP with the ROC and obtain the name approval.

4. Drafting of the LLP Agreement and Statement of Account: Prepare the LLP Agreement in accordance with the LLP Act, 2008 and prepare a statement of accounts of the Private Limited Company.

5. File Form URC-1 with ROC: File Form URC-1 along with the LLP Agreement and Statement of Accounts with the ROC.

6. Obtain approval from ROC: Upon verification of the documents and satisfaction of the Registrar of Companies, the ROC will approve the conversion and issue a Certificate of Registration.

7. Update PAN and other registrations: After the conversion, update the Permanent Account Number (PAN) and other registrations with the respective authorities.

The list of documents required for the conversion of a Private Limited Company to an LLP are as follows:

1. Application in Form URC-1
2. Statement of Accounts of the Private Limited Company
3. LLP Agreement
4. List of all the shareholders and directors of the Private Limited Company
5. Copy of PAN card and address proof of all the designated partners of the LLP
6. Copy of utility bills or rental agreement as proof of the registered office of the LLP.