CONVERSION OF PRIVATE LIMITED COMPANY INTO LIMITED LIABILITY PARTNERSHIP(LLP)

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THE CONVERSION PROCESS

STEP 1: obtaining DPIN and DSC (Form DIR-3)

STEP 2:Filing Name Reservation through RUN-LLP with ROC

STEP 3: Filing Incorporation and conversion documents through Fillip form and Form 18

STEP 4 Drafting LLP Agreement.

STEP 5 Intimation to Roc in Form 14

STEP 6  Obtaining Certificate of registration as LLp

STEP 7: Filling of LLP agreement through form 3 with ROC.

DOCUMENTS REQUIRED FOR CONVERSION ARE REQUIRED

  1. Resolution Passed by Majority of members
  2. Resolution for authorization of the director to do all conversion-related work.
  3. LLP agreement

Because of its flexibility, consistency, taxation, and performance, LLP will be useful to small and medium-sized businesses, generally, and to service-based businesses and professional companies, in particular. Globally, LLPs are a leading vehicle for business, especially for the services industry or professional-related jobs. Conversion from the existing corporate structure can be made to the LLP while retaining the benefits of Limited Liability and limited consistency.

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