LLP to Private Limited Company

The process flow for conversion of a Limited Liability Partnership (LLP) to a Private Limited Company is as follows:

1. Obtain DSC and DIN: The designated partners of the LLP need to obtain Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for all the proposed directors of the Private Limited Company.

2. Board Meeting: Hold a board meeting of the LLP and pass a resolution approving the conversion of the LLP into a Private Limited Company and authorizing a designated partner to execute the necessary documents and applications for the same.

3. Name Approval: Apply for the availability of the proposed name of the Private Limited Company with the Registrar of Companies (ROC) and obtain the name approval.

4. Drafting of the Memorandum and Articles of Association: Prepare the Memorandum of Association (MOA) and Articles of Association (AOA) for the Private Limited Company in accordance with the Companies Act, 2013.

5. Filing of Forms with ROC: File Form URC-1 and Form INC-32 with the ROC, along with the MOA, AOA, and other necessary documents such as the consent of all the partners and shareholders of the LLP, NOC from creditors, etc.

6. Issue of Certificate of Incorporation: Upon the satisfaction of the Registrar of Companies and the completion of all the formalities, the Registrar will issue a Certificate of Incorporation for the Private Limited Company.

The list of documents required for the conversion of an LLP to a Private Limited Company are as follows:

1. Application in Form URC-1 and Form INC-32
2. Memorandum of Association (MOA) and Articles of Association (AOA)
3. List of all the partners and shareholders of the LLP
4. Consent of all the partners and shareholders of the LLP for the conversion
5. NOC from creditors of the LLP
6. Statement of accounts of the LLP
7. Copy of LLP agreement
8. Copy of PAN card and address proof of all the proposed directors of the Private Limited Company
9. Copy of utility bills or rental agreement as proof of the registered office of the Private Limited Company.