A unlisted public company wants to convert into LLP, Some loan and advances ( Asset Side) is showing in balance sheet.
but after conversion it's may be recovered by LLP of such loan and advances.
my question is, after conversion kya LLP ko jo paisa recovered hua hai, wo kitne time baad withdraw kr skta hai?
How to Convert a Private Limited Company/Unlisted Public Company in Limited Liability Partnership. These are following process mentioned below.
Obtain DPIN (Designated Partner Identification Number): Apply for DPIN with in e-form DIR-3 with ROC.
2. Call for Board Meeting: Pass Special Resolution for the conversion of the company into LLP.
3. Application for Name Applicability with e-form1 with ROC.
4. Incorporation documents & Subscriber’s Statement e-form-2 with ROC.
5. Application and Statement for conversion of a Private Limited Company/Unlisted Public Company into LLP e-form-18 with ROC:
Statement of Shareholder
Incorporation documents & Subscriber’s Statement e-form-2
Statement of Assets and Liabilities of the company duly certified as true and fair by the Statutory Auditor.
List of the entire secured creditors along with their consent to the conversion.
NOC from income tax authorities and copy of latest acknowledgement of income tax return.
After all formalities and filings would be compiled with by the applicants, the ROC will issue a certificate of incorporation as conclusive evidence.
6. File LLP Agreement: After incorporation of LLP on initial LLP Agreement is to be filed within 30 days of incorporation of LLP. The user has to file the information in form-3 (information with regard to LLP Agreement and changes if and made therein.)
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