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Convertion of Partnership to Pvt.Ltd. Co.

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Convertion of Partnership to Pvt.Ltd. Co.

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Overview

The main reasons for converting a partnership to a Private Limited Company are limited liability protection, separation of ownership and management, increased credibility, and ease of transferring ownership.

Process

Preparation of Incorporation Documents

Obtaining Director Identification Number (DIN) and Digital Signature Certificate (DSC)

Name Approval

Filing of Incorporation Documents

Obtain PAN and TAN

Obtain a Certificate of Incorporation

Eligibility

  • Partners:

    The partnership must have at least two partners.

  • Business Activity:

    The partnership must have a legitimate business activity and should be in compliance with all relevant laws and regulations.

  • Share Capital:

    The Private Limited Company must have a minimum paid-up capital, as specified by the relevant regulations.

  • Directors:

    The Private Limited Company must have at least two directors, who must be individuals and not other companies.

  • Company Name:

    The proposed name of the Private Limited Company must be approved by the Registrar of Companies.

Certificate of Registration

A “Certificate of Incorporation” is the certificate of registration that is issued by the Registrar of Companies upon the successful conversion of a partnership to a Private Limited Company.
This certificate serves as proof of the successful registration of the company and confirms that the company is now a legally recognized entity with the status of a Private Limited Company.
Once the Certificate of Incorporation is issued, the company can start conducting business operations, and the partners can take advantage of the benefits of operating as a Private Limited Company.
Convertion of Partnership to Pvt.Ltd. Co.

" Taxation on the Conversion of Private Limited Company To Partnership"

  • The Conversion of Partnership to a Private Limited Company (Pvt Ltd)could result in tax liability, however, certain tax exemptions may also be available.
  • Therefore, it's highly recommended to consult our professional experts at Sure Tax Fincare, to ensure compliance with the regulations and laws.

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