29 January 2013
Procedures for conversion Obtain DIN – All the designated partners to obtain DIN in case they are not having the same. ■File form 18 – Application to be made in form 18 for conversion of Pvt. Ltd Co into LLP. ■File form 1 – Form 1 for approving the name of LLP shall be filed and partners consent to convert it should also be attached. ■File other forms – Also file Form 2, 3 & 4 along with a statement by all partners with registration number and date of registration of the firm.
i. Form 2: Details of partners, registered office etc
ii. Form 3: LLP agreement – this can be filed within 30 days from the date of registration
iii. Form 4: Consent of Partners – Consent of each partner to become a partner of Liability Partnership ■ROC compliances –File with the concerned ROC(Registrar of Companies) the following documents –
a) A statement by all its shareholders in such form and manner to be accompanied by such fees as the Central government may prescribe, containing the following particulars, namely-
i. the name & registration no. of the Company
ii. the date on which the company was incorporated
b) Incorporation document & subscribers statement ■Obtain Certificate of Registration – after receiving the above mentioned documents, ROC shall issue a certificate of registration in such manner & form stating that the LLP is registered to function. ■Intimate the ROC – Up on registration of LLP, file an intimation to the Registrar of Companies in Form 14 stating the fact that the company is being converted into LLP
In this way a Private Ltd Co. can be converting into a LLP following the above rules, regulations and procedures.