Convertion of Partnership to Pvt.Ltd. Co.

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Overview

Converting a partnership to a Private Limited Company primarily offers limited liability protection, distinguishes ownership from management, boosts credibility, and simplifies ownership transfer.

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Steps

01

Preparation of Incorporation Documents

02

Obtaining Director Identification Number (DIN) and Digital Signature Certificate (DSC)

03

Name Approval

04

Filing of Incorporation Documents

05

Obtain PAN and TAN

06

Obtain a Certificate of Incorporation

Eligibility

Partners

The partnership must have at least two partners.

Business Activity

The partnership must have a legitimate business activity and should be in compliance with all relevant laws and regulations.

Share Capital

The Private Limited Company must have a minimum paid-up capital, as specified by the relevant regulations.

Company Name

The proposed name of the Private Limited Company must be approved by the Registrar of Companies.

Directors

The Private Limited Company must have at least two directors, who must be individuals and not other companies

Certificate of Registration

  • "Upon the successful conversion of a partnership into a Private Limited Company, the Registrar of Companies issues a Certificate of Incorporation.

    This certificate officially confirms the company's registration and establishes its legal recognition as a Private Limited Company.

    With the issuance of this Certificate, the newly formed company can commence business operations, allowing its former partners to fully leverage the advantages of operating as a Private Limited Company."

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