Dear Members
Please Suggest me
Recently before 1 month, I have filed KYC of one director with fees of Rs. 5000/-
My query is whether we need to verify the DIN with KYC web by September 30, 2019.
Dear Members
Please Suggest me
Whether display of CSR Policy of a Company on the website of the Company is mandatory or not?
Dear Members
Please Suggest me
Private Company took loan from its members and relative of members and company doesn't have fund to pay so they wanted to convert the loan to equity and after conversion Company wants to go for strike off.
Can that Company do the same or is there any restriction?
Dear Members
Kindly suggest what documents should we take for issuing duplicate share certificate to the shareholder residing in a foreign country where the share certificates as lost/misplaced by the shareholder.
Also, how the transfer deed will be executed if the transferor is residing in a foreign country and the transferee is an Indian resident.
Dear Members
Please Suggest me
Procedure for Transfer of Equity Shares and Non Convertible Debentures from Non-Resident to Non Resident and Also please tell whether we have to report to RBI or not?
resident debentures convertible shares transfer equity procedure
Dear Members
Please Suggest me
In case of Nidhi which is recently incorporated how much max loan can be given to members.
Dear Members
Please Suggest me
If company has been inoperative since may 2017 and done filing of balance sheet for the year 2017-18 in September 2018 can company file STK-2 in august 2019, as it is inoperative from last 2 years ànd has no bank account since March 2018?
Do company need to file balance sheet for 2018-19?
Dear Members
Please Suggest me
CSR Expense to be incurred at 2% of average net profits of the previous three years.
Now, if there is a loss in the one of out of the three previous financial year, then how to calculate average net profit.
(1) Whether to consider loss and disclose the calculation of it in Board Report?
(2) Whether to consider profits only of two years (not considering loss year) and divide it by three?
(3) Whether to consider profits only of two years (not considering loss year) and divide it by two?
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:
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.
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.
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.
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.
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.
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.