Internet Marketing | About Us | Learning Centre
 +91-6202845813    info@protaxsolutions.in.com

One Person Company Registration

Conversion of LLP into private limited company

Private companies are a popular business structure in India, offering higher opportunities for growth, development, and raising equity capital, which is not possible in LLPs. LLPs are not suitable if owners seek venture capitalist or private equity investment since investors prefer investing in a private limited company. The second reason for conversion is that foreign direct investment (FDI) can be made directly in a private limited company, unlike in an LLP where it requires approval. Therefore, if the owners are NRIs or foreigners, incorporating a private limited company is preferable over an LLP. Thus, conversion is necessary to fulfill the above-mentioned requirements.


Benefits of converting LLP into limited company

Easy Fund raising

The strict registration process enhances the credibility of this structure, making it easier to raise funds or obtain loans from external sources. The organization offers various means to raise funds, such as private equity, ESOP, and more.

Separate Legal Existence

Separate ownership and management allow both the company and the management to concentrate on their respective responsibilities. Shareholders delegate the responsibility of operating and running the company to the management without relinquishing control through voting rights.

ESOPs to employees

Stock ownership and ESOP plans are exclusive to private limited companies, making them an attractive option for employees. These plans provide employees with a stake in the company's growth and prosperity, serving as an incentive to work towards its success.

Limited Liability of Owners

The company's debts or obligations do not create a claim on the owner's personal assets. Their liability is restricted solely to the capital they have subscribed and yet to pay.


Documents required for conversion into Private Company


PAN Card

PAN Card of shareholders and Directors. Foreign nationals may provide a passport.

Identity Proof

Voter ID/ Passport/ Driving License of Shareholders and Directors

Address Proof

Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors

Photograph

Latest Passport size photograph of Shareholders and Directors

Business Address Proof

Electricity Bill/ Telephone Bill of the registered office address

NOC from owner

No Objection Certificate to be obtained from the owner(s) of registered office

Rent Agreement

Rent Agreement of the registered office should be provided, if any

Note

In case of NRI or Foreign National, documents of director(s) must be notarized or apostilled

Copy of ITR

A copy of the latest income tax return filed by the Limited Liability Partnership.


Convert into company in 3 Easy Steps

1. Answer Quick Questions
  • Fill in our questionnaires that take less than 10 minutes
  • Provide basic details & documents required for registration
  • Make payment through secured payment gateways
2. Experts are Here to Help
  • Assigned Relationship Manager
  • Procurement of Digital Signatures (DSC)
  • Application for Name Reservation
  • Documents drafting including MOA and AOA
  • Application for conversion into a Private company
  • Certificate of Incorporation
3. Your Company is Registered
  • All it takes is 12 – 15 working days*
*Subject to Government processing time

Process to convert LLP to pvt ltd

Day 1
  • Application for Digital Signature Certificate
Day 2 - 4
  • Application for Name Reservation under “RUN“
  • Reservation of Name
Day 5 - 7
  • Drafting of MoA, AoA & other required documents
  • Payment of Stamp Duty
  • Notarization of required documents
Day 8 - 9
  • Filing application for company registration
  • Application for DIN Allotment
  • Application for PAN and TAN of company
Day 10 - 11
  • Government processing time

Explore Conversion from LLP to Private Limited Company

Frequently Asked Questions


Once, the company is registered, it should follow below-mentioned requirements on priority: Opening a current account of the company Appointment of Statutory auditor Deposit of paid-up capital mentioned while registration Issue and allotment of shares

Maximum 3 (Three) DIN can be applied through SPICE form. If the applicant wants to incorporation Company with more than 3 Directors and more than 3 persons don’t have DIN. In such situation applicant have to incorporate Company with 3 Directors and have to appoint new directors later on after incorporation.

While registration, minimum authorized capital of INR 1 Lakh should be provided. The requirement of minimum paid-up capital is eliminated as part of Government’s initiative to simplify business registration in India. However, each shareholder must subscribe at least 1 share for registration and amount sufficient to run business should be introduced.

In case of more than 7 partners in the LLP at the time of conversion into Company then Company have to file Scan copy of Physically prepared MOA & AOA and the company has to file 1. URC-1 and 2. INC-32.

Yes, at the time of Conversion LLP have to file “copies of the principal and all subsequent deeds including the latest deed” with the ROC in e-form URC-1.

Yes, if one of the directors is outside of India, it can be filed in an e copy format, no need of submitting a physical copy.

Yes, shares of Private Company are easily transferable among members of the company but for transferring the shares to a non-member, the share should be first offered to an existing member and if he refuses to purchase the same, the shares can be transferred to non-members.

Yes, a foreign national can be a director. For procuring DIN, details of a valid passport should be filled in form DIR-3 and a certified copy of same should be attached with DIN application. All supporting documents including photograph should be certified by the Indian Embassy or a notary in the home country of the applicant or by the Managing Director / CEO / Company Secretary of the company registered in India, in which applicant is a director. If a foreign director has a valid multiple-entry Indian visa or Person of Indian Origin card or Overseas Citizen of India card, then the attestation could also be done by Public Notary / Gazetted Officer in India or practicing CA / CS / CWA.

Yes, a private company can carry multiple businesses after conversion from the LLP, it does not have any restrictions.

Developed & Managed By HL Tech India Private Limitedr