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Convertion of Pvt. Ltd. Co. to LLP

  • 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 Pvt. Ltd. Co. to LLP

  • 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 reason to convert a Private Limited Company to a Limited Liability Partnership (LLP) is to benefit from greater flexibility in management, reduced compliance burden, and potential tax savings.

Process

Obtain Shareholder Approval

File LLP Agreement

File Incorporation Documents

Obtain Approval from ROC

Transfer of Assets and Liabilities

Obtain PAN and TAN from the Income Tax Department.

Eligibility

  • Shareholder

    Approval: The shareholders of the Private Limited Company must approve the conversion through a resolution passed in a general meeting.

  • Minimum Number of Partners:

    The LLP must have at least two partners.

  • Compliance with Legal Requirements:

    The Private Limited Company must be in compliance with all the applicable laws and regulations, including those related to taxes and labor laws.

  • Paid-up Capital:

    The LLP must have a minimum paid-up capital as specified by the jurisdiction where it is incorporated.

Certificate of Registration

The certificate of registration is a document issued by the Registrar of Companies (ROC) that certifies the successful conversion of a Private Limited Company to a Limited Liability Partnership (LLP).
The certificate of registration acts as proof of the legal existence of the LLP and is required to conduct various transactions, such as opening a bank account or applying for a loan.
To obtain the certificate of registration, the LLP must submit the necessary incorporation documents to the ROC. The ROC will review the documents and, upon approval, issue the certificate of registration.
Convertion of Pvt. Ltd. Co. to LLP

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

  • The Conversion of Private Limited Company To LLP 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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