- Home
- Business Registration
Tax Registration
IPR Registration
Labour Registration
- About
- Contact
- Blog
Streamline your business structure with ease - Convert your Pvt Ltd Company into an LLP for simplified operations and increased flexibility.
Happy Customers
CA & Lawyers
All Offices
An LLP can be converted into a Pvt Ltd company under Section 366 of the Companies Act, 2013.
The conversion process involves filing certain documents with the Registrar of Companies (RoC) and obtaining their approval
The conversion will result in the creation of a new entity, with a new PAN and TAN number
The compliance requirements for an LLP are less cumbersome than those for a Pvt Ltd Company. For example, LLPs are not required to hold annual general meetings or prepare audited financial statements if their turnover is below a certain limit.
Since the compliance requirements are less, the associated costs of compliance such as audit fees, secretarial fees, etc., are also reduced.
LLPs allow for greater flexibility in ownership and management compared to Pvt Ltd Companies. The LLP agreement can be customized to suit the needs and requirements of the partners.
LLPs are eligible for various tax benefits, such as deductions under the Income Tax Act, 1961, making it a more tax-efficient structure.
No, a Pvt Ltd Company cannot be converted into an LLP if it has issued any securities to the public or has a turnover of over Rs. 500 crore.
The process can take anywhere between 15-20 days, depending on the RoC's processing time.
Yes, a minimum of 2 partners is required for an LLP.
Yes, the existing contracts and agreements of the Pvt Ltd Company will need to be transferred to the newly incorporated LLP.
Don’t miss our future updates! Get Subscribed Today!
