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    LLP convert into Company

    Posted By : Divya Saluja / Published on : 06-Aug-2019 11:56 AM / View : 657 / Comment : 1

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    Dear Members

    Can LLP convert into Company. If yes then which Document is Required to be filled.

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    Read more on : company into convert

    • Yes, it is possible for a Limited Liability Partnership (LLP) to convert into a Company in India. The conversion process is governed by the Companies Act, 2013 and the LLP Act, 2008, and requires the approval of the Ministry of Corporate Affairs (MCA)/CRC.

      The following documents are required to be filed for the conversion of an LLP into a Company:

      1. Application for reservation of name: The first step in the conversion process is to apply for the reservation of a name for the proposed Company. This can be done by filing Form RUN with the Registrar of Companies (ROC)/CRC.

      2. Notice of the proposed conversion: Once the name is approved, the LLP needs to pass a resolution for conversion and file a notice of the proposed conversion with the CRC in Form URC-2.

      3. Statement of Assets and Liabilities: A statement of assets and liabilities of the LLP as on the date of the conversion needs to be prepared and filed with the CRC in Form URC-3.

      4. Consent of Partners: The consent of all partners of the LLP is required for the conversion, and this needs to be filed with the CRC in Form URC-4.

      5. Application for Conversion: The LLP needs to file an application for conversion in Form URC-1 with the CRC, along with the necessary fees and all the above-mentioned documents.

      6. Additional documents: Depending on the specific circumstances of the conversion, the CRC may require additional documents to be filed.

      After reviewing the application and documents, the CRC may approve the conversion and issue a certificate of incorporation. The LLP will be deemed to be dissolved and the Company will come into existence from the date mentioned in the certificate of incorporation.

      It's important to note that the conversion process can be complex and requires compliance with various legal and regulatory requirements. Therefore, it's recommended to seek the guidance of a legal professional to ensure that all the necessary requirements are met, and the conversion process is completed smoothly.

      31-03-2023 / 10:31:33 AM
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