Register Part 1 LLP Company

Register Part 1 LLP Company in India

Conversion of LLP into a company:

The MCA has issued the businesses  (Authorized to Register) Second Amendment Rules, 2018 (‘Amendment Rules’) via a notification dated 5 July 2018. The aforementioned Amendment Rules shall also enter into effect on 15 August 2018.

Section (section 366) addresses the registration of unregistered entities,  like partnership firms,  indebtedness partnerships (LLPs), cooperative societies, and similar entities, as companies under the 2013 Act. The amendment allows entities with two or more members to register under the 2013 Act as either a corporation limited by guarantee,  a corporation limited by shares, or a vast company.

Conversion into an organization is now possible for two members under the Companies Act of 2013:

Beginning on August 15, 2018, unregistered companies such as LLPs, partnership firms, societies, etc. with two or more members may apply for conversion into a company limited by guarantee or with unlimited liability in line with the provisions of Part XXI of the Act 2013.

Why LLPs convert to Corporations:

Section 366 of  the businesses  Act, 2013 allows any Society, Trust, Firm, Partnership Firm, indebtedness Partnership, Cooperative Society or other business entity formed under the other law in force to convert into a Section 8 Company. the subsequent requirements must be met to convert to a Section 8 Company:

Who can convert to the company?

Who can't become a piece 8 Company:

Prerequisites for converting an LLP to a Corporation:

Section 366 of the businesses  Act, 2013 allows any indebtedness  Partnership or other business entity formed under any other law in force at the time to convert into a company. The subsequent  requirements must be met to convert to the company:

Notes:

Process of Conversion in Steps:

One-Day Job: Organize a gathering of Members

Through Business Setup in India- One Day Job

The initial step is to call a gathering of the Designated Partners/Partners of the LLP to discuss the conversion into a Company. Obtain the consent of three-quarters of the members. Determine the initial directors of the corporate.

10 minutes for name Application

Through MCA Portal Job

Check the supply of the proposed company name through the MCA and Trademark portals, then submit a reputation  Application as Part I LLP to the company and pay the required fee. Include the specified supporting documentation,  like the Resolution of the Designated Partners/Partners. Subject to availability, the MCA's Name Application is going to be approved.

Apply for Digital Signature Certificates (DSC)

via eMudhra Job -Three half-hours

Implement Digital Signature Certificates for the Designated Partners and Partners of an LLP. Perform the Roll Check on the MCA web portal as Directors for every one of these members.

Publish Newspaper Advertisement in English and Local Language Newspapers

Through English and Local Language Newspapers-One Day Job

Publish newspaper ads (i.e., Form URC-2) in two newspapers, one in English and, therefore, the other in the district's primary vernacular language.

Take No Objection from Creditors

Via Current Creditors -  at some point  Job

Take No objection letters from the LLP's existing creditors.

Prepare Supporting Documents for URC-1 & Incorporation Filing

Via Business Setup in India - 1 Day Job

Prepare all the specified documents, including PAN, ID and Address Proofs of Designated Partners/Partners, declaration of members, addenda of members, copy of the instrument constituting or regulating the entity, a certificate from a CA/CS/CWA certifying the compliance with all the provisions of  Stamp Act, to the extent applicable, 3/4th consent of the bulk members, no objection certificate/Consent given by secured creditors, and statement of accounts of the prevailing entity.

File for Seven Incorporations

Through the MCA Portal- 1-Day Job File

Pay the specified fee for SPICePartB, SPICeMOA, SPICeAOA, Form URC-1, etc. if everything is so as the MCA Office will approve the forms and issue you a certificate of incorporation after a radical review.

 

Notifications to the Registrar of LLPs

 Via Business Setup in India - One Day's Work

This is the final step in which the entity must notify the previous registering authority of its transformation into a Company.

Register your Company with us for less! Start here & Save! Contact Now!

Get Certificate, DINs, DSCs, MOA, AOA, PAN, TAN, GST, MSME, IEC, PF, ESI, PT*, Bank A/c, Share Certificates & GST Software along with your CIN under 10 working days!

Why Business Setup in India?

Since our inception as an Official Company Registration Agent, we have maintained close ties with the Ministry of Corporate Affairs, Government of India. From day one, our intention has been to offer a streamlined incorporation procedure that is quick and easy to utilize. Today, our system for company registration is among the most efficient and effective in India. You can file an application for a new company name in slightly more than 5 minutes, and your firm will often be fully registered within 3-5 days. In addition to maintaining affordable pricing for company formation, we are constantly investigating new ways to bring value to our clients. We are proud to be one of the least expensive ways to establish a business in India.

We have the knowledge to advise clients on the appropriate company structure to implement. The majority of our clients want assistance registering a business limited by shares. The limited company structure is prevalent because it permits the distribution of profits to shareholders while safeguarding them through restricted liability. Our team has more than 2 decades of experience founding companies and providing corporate and secretarial services, which aids in the growth of tens of thousands of our clients’ enterprises each year.

We are tremendously passionate about the quality of our service, and we are incredibly proud of the reviews we get from our customers, as evidenced by our outstanding reviews and ratings. Continually, our team is chosen due to the value and skill for which it is renowned. We have helped form the industry by giving our customers innovative business services and packaged solutions that have grown alongside their demands.

Our clients have access to complimentary help from a team of experts. We are always prepared to assist. Throughout the registration of your Company, you will be enabled to contact us by phone or email if you require assistance.

No Hidden Charges

We believe in transparent and straightforward pricing. The price displayed is the price paid. There are no additional fees associated with business registration.

Rapid Service

You can file an application for a new company name in slightly more than 5 minutes, and your firm will often be fully registered within 3-5 days.

20 Years of Expertise

Our staff has over 2 decades of experience, making us specialists in our industry. Take the stress out of establishing your business, and rest easy knowing you have the assistance you need to thrive.

Reliable Service

Today, our customers expect exceptional service. Because of this, we are very pleased that 99 percent of our customers have rated us as "Great" or "Excellent" on Google.

Simplicity

The entire procedure, from ordering to utilizing your company registration license, is designed to be as simple and direct as possible to aid in the growth of your firm.

Privacy and Protection

ustomer confidentiality and safety come first. We safeguard your financial, business, and personal information to the utmost degree.

Let's Deal With Your Confusions

DIN is the abbreviation for Director Identification Number. Following the incorporation of the Company, every director will be assigned a unique Director Identification Number. With this DIN, he or she can register an unlimited number of businesses.

A DIN holder is required to submit his KYC to the MCA annually by the 30th of September or face a penalty of Rs. 5,000/-.

DSC is an abbreviation for Digital Signature Certificate. Shareholders must possess a Class-III Digital Signature Certificate in order to register their organization.

There are various organizations that issue Class-III DSCs. These organizations are referred to as DSC Certifying Authorities. We have formed a partnership with eMudhra Tamil Nadu. eMudhra is one of India's most prominent Digital Signature Certifying Authorities.

Approved share capital is the maximum amount of capital that shareholders are permitted to invest in the Company. In actuality, this is the permitted investment limit for Equity Share Capital.

Paid-up share capital is the amount of money shareholders deposit into the Company's bank account towards share capital.

Now, a business can be registered with a minimum share capital of Rs. 2/-or investment of Rs. 1/- from each shareholder.

A CIN is an identification number assigned to a company by the Ministry of Corporate Affairs when they are issued the Certificate of Incorporation.

It might serve as the Company's identification number.

If we apply for direct incorporation without a Certificate of Name Availability, the process could take between three and five business days. Occasionally, it can be implemented in a single day.

However, it is recommended to apply for a company name before incorporation, which may take between 10 and 15 days.

Yes!

No, you cannot register a company on your own since Professionals such as a Company Secretary or a Chartered Accountant must digitally sign the application forms alongside a Director before your Company can be registered.

Including Digital Signature Certificates, the total government fee for a one million authorized share capital company would be approximately Rs. 4,000.

XYZ is authorized by the Ministry of Corporate Affairs to provide company registration services at an affordable price of Rs. 1,999/- throughout India.

INR 5 Lacs/-.

Two within the case of a Two-Person Private Limited Company and one in the case of a One-Person Private Limited Company.

For a two-person private  Ltd., the minimum share capital is Rs. 2/-, while for a one-person private  Ltd., the minimum share capital is Rs.

Two within the case of a Two-Person Private Limited Company and one in the case of a One-Person Private Limited Company.

Business setup in India Copyright 2022, All Rights Reserved
Back to Top Button