CONVERSION OF PARTNERSHIP FIRM/LLP/SOCIETY/TRUST TO LIMITED COMPANY
Several businesses started in India as Partnership Firm, Society, Trust or Limited Liability Partnership (LLP), may now wish to convert into a Limited Company for more growth in business or for infusing equity capital.
The Procedure of Conversion of a Partnership Firm/LLP/Society/Trust to Limited Company are:
- Approval from all the partners is required.
- Written consent of majority of members whether present in person or by proxy at a general meeting, agreeing for such registration.
- Name Availability and Approval
- Securing DSC and DIN for all the directors
For obtaining the DIN, an application must be filed on MCA portal in e-Form DIR-3. DIN application is processed & approved by central government via the office of regional director, the ministry of corporate affairs.
- Advertisement in newspaper is to be done in a local and a national newspaper.
- Memorandum of Association (MoA) & Articles of Association (AoA) is to be formulated and then filed with ROC after getting the name approval and sanction of Form URC-1 – from the registrar.
- Filing eForm URC-1 and E MOA and E AOA
- Certificate from CA/CS/CWA certifying the compliance with all the provisions of Stamp Act, to the extent applicable.
- Obtaining Certificate of Incorporation, PAN and TAN of the incorporated company.
