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LLP To Private Limited Company

Section 366 of the Companies Act, 2013, and the Company (Authorized to Register) Rules, 2014, govern business conversions. While LLPs offer growth opportunities, converting to a Private Limited Company can provide better advantages and attract shareholders. Auriga Accounting expert team offers seamless support for this conversion, helping your business grow.

LLP To Private Limited Company

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Why Should I Use Auriga Accounting For LLP To Private Limited Company ?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your LLP To Private Limited Company.

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Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for LLP To Private Limited Company

Complete your Registration

Ready Your LLP To Private Limited Company

Why Should I Use Auriga Accounting For LLP To Private Limited Company ?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your LLP To Private Limited Company.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for LLP To Private Limited Company

Complete your Certificate

Ready Your LLP To Private Limited Company

Overview - LLP To Private Limited Company

Converting an LLP to a Private Limited Company is a significant step under the Companies Act, 2013, and the Limited Liability Partnership Act, 2008. This process allows an LLP to become a formal company structure, enhancing credibility while retaining limited liability and flexibility. It is especially beneficial for startups and medium to large businesses seeking investment, reducing personal liability, and optimizing their tax setup.

The conversion requires approval from all partners, submission of necessary documents to the Registrar of Companies, transfer of assets and liabilities, and permission to operate as a Private Limited Company. This transition helps businesses scale, raise capital, improve credibility, access funding, and protect stakeholder assets. Prior to conversion, it’s essential to clear all debts and liabilities, and ensure the LLP is not involved in any legal disputes.

Advantages of Converting LLP to Pvt Ltd

  • Enhanced Credibility and Recognition: Boosts market standing, reputation, and stakeholder trust.
  • Easier Funding Access: Facilitates loans and attracts investors for growth.
  • Ability to Raise Capital: Allows issuing shares to fund expansion and projects.
  • Perpetual Succession & Share Transferability: Ensures ongoing existence; shares are easily transferable.
  • Limited Liability: Protects owners’ personal assets from company debts, reducing financial risks.

Eligibility for LLP To Private Limited Company

  • The LLP must have been operational for at least one year.
  • Unanimous consent from all partners is required; all must agree to the conversion.
  • All debts, taxes, and statutory dues must be cleared before initiating the conversion.
  • The LLP should not be involved in any ongoing litigation or legal disputes; unresolved issues must be settled first.
  • Future directors of the Private Limited Company must possess a Digital Signature Certificate (DSC) and Director Identification Number (DIN).
  • The company’s Memorandum of Association (MOA) and Articles of Association (AOA) must be in accordance with the prescribed capital structure.
  • The LLP should have a minimum of two partners; the resulting Private Limited Company must have at least two directors and two shareholders, with a maximum of 200 shareholders.
  • The conversion must adhere to all regulations outlined in the Companies Act, 2013.

Documents required for LLP To Private Limited Company

  • Application for Conversion (Form FiLLiP): A formal submission to the Registrar of Companies (ROC) to initiate the conversion process.
  • LLP Agreement and Incorporation Documents: Copies of the original LLP agreement and incorporation papers for legal verification and continuity.
  • Latest Financial Statements: Recent financial documents, such as balance sheets and profit & loss statements, of the LLP.
  • Written Consent of Partners: Signed consent from all partners approving the conversion to a Private Limited Company.
  • Memorandum and Articles of Association: Submission of the MOA and AOA of the new company, outlining its purpose, capital, and internal regulations.
  • Proof of Registered Office: Valid documentation confirming the registered office address of the LLP or the new company.
  • Identity and Address Proofs of Directors/Partners: Copies of ID and address proofs for all key persons involved in the LLP and the new company.
  • No Objection Certificate (NOC): NOC from creditors, indicating no objection to the conversion.
  • Affidavit from Proposed Directors: A declaration from each proposed director confirming they are eligible to serve and that all filed documents are complete, accurate, and truthful to the best of their knowledge.

Procedure for Obtaining LLP To Private Limited Company

Obtain Name Approval: Apply for name reservation via RUN with the RoC. Once approved, the name is reserved for 20 days.

Acquire DSC and DIN: Obtain Digital Signature Certificates for all proposed directors. If needed, apply for DINs using Form DIR-3 on MCA portal.

Publish Public Notice: Publish notices in an English and a regional newspaper in the district, allowing 21 days for objections.

File Conversion Application (Form URC-1): Submit Form URC-1 with details of partners, directors, affidavits, LLP agreement, assets and liabilities statement, and latest tax return.

Draft and File MoA & AoA: Prepare and submit the Memorandum and Articles of Association for approval.

Obtain NOCs: Secure No Objection Certificates from all creditors.

RoC Verification & Approval: The RoC reviews documents and issues a Certificate of Incorporation upon approval.

Post-Incorporation: Update records, revise official stationery, and maintain statutory registers as per the Companies Act, 2013.

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Our Happy Clients!

Excellent
Based on 12 reviews
MD SAHIL
MD SAHIL
2023-06-10
Auriga Accounting is right CA firm is crucial for the financial health of our business. Auriga Accounting is reputable firm with experienced professionals, strong technology infrastructure, good communication, and transparent pricing.
Prince Kushwaha
Prince Kushwaha
2023-06-10
Workplace must be peaceful and be active during work , the Auriga Accounting Private Limited provides relevant and necessary things so employees save their time and complete their task before time period effectively and efficiently
Prince Singh
Prince Singh
2023-06-10
Auriga accouting private limited and it's team provide best service at affordable price. I have done my previous year GSTR and ITR they did it before the time
Priyanka Kumari
Priyanka Kumari
2023-04-07
They are best coordination with me. Time to time inform me how to work and what work is my pending. Time to time updated me about my company profile work like ROC Filling last date, GST filling last date, ITR etc... I have no paid any penalty since I started working with Auriga..
Vishal Singh
Vishal Singh
2023-04-07
Best company for providing services, I recommended to all. They give me the best rate of price and finished work before the time.
Sameer khan
Sameer khan
2023-04-07
The auriga accounting private limited is a reliable and a customer support company the team has give Clear answer towards the customer by which the customer cannot get confused and get necessary detail to solve their queries and auriga provided me good service and delivered my work on time very well coordinate with me and talk very well I suggest if you have any work then call auriga they will definitely finish your work on time
Vivek Shakya
Vivek Shakya
2023-04-07
Great Services , within affordable rate and give full satisfaction on works. Easy to Cordinate, I have done My Previous year ITR , Startup Registration. I am very happy with their services and their first priority is their Customer.
find way
find way
2023-04-06
I'll give a five-star rating, I had doubts about how to start my work in the field of business and they guide me and instruct me on how to start a business. They have a great team.
623 Anjali
623 Anjali
2023-04-06
The Auriga has great services. Efficient communication and really easy way to get help and support.
Anjali Sharma
Anjali Sharma
2023-04-06
Auriga Accounting team represents the highest level of customer services I have experienced.The team gives accurate information and responses to queries very fast, which are customer is facing.

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