Conversion of Partnership to Private Limited

CONVERSIONS

Conversion of Partnership to Private Limited

Packages Inclusion

2000+ Businesses incorporated since


Trusted by
25,000+
world-class brands and organizations of all sizes


Overview

Embarking on a new chapter: Transforming your partnership into a private limited company (PLC) can be a pivotal decision for your Indian business. This strategic shift unveils a landscape brimming with advantages, empowering you to navigate the marketplace with enhanced resilience and dynamism.
Unveiling the Benefits:

● Limited Liability: Breathe a sigh of relief knowing your personal assets are shielded from the company’s financial obligations. The PLC becomes a separate legal entity, protecting your personal wealth.

● Professional Image: Elevate your business stature with the formal structure and governance framework of a PLC. This fosters trust and opens doors to new opportunities.

● Capital Infusion: Attract a wider pool of investors with the legal and organisational transparency of a PLC. Secure the funding you need to fuel your growth aspirations.

● Operational Continuity: Transition seamlessly, retaining existing contracts, licenses, and employee relationships. Minimise disruption and maintain momentum during the conversion process.

Eligibility: Paving the Path:

Before embarking on this transformative journey, ensure your partnership meets the criteria:
● Registered Partnership: Your partnership must be legally established under the Indian Partnership Act, 1932.

● Committed Partners: At least two partners must wholeheartedly embrace the conversion, becoming shareholders and directors in the PLC.

● Financial Cleanliness: No outstanding legal disputes or secured creditor concerns should burden the partnership.

● Partnership Deed: If your partnership has a formal deed, it should explicitly allow for conversion

Features: A Framework for Growth:

The transition to a PLC unlocks a robust framework for sustainable success:

Demystifying the Process: Step-by-Step Guidance:

CCA understands the intricacies of navigating the conversion process. We offer expert guidance at every stage:

1. Partners’ Consent: Secure written approval from all partners, ensuring a unified front for this strategic move.

2. Name Reservation: Find the perfect name for your PLC and obtain approval from the Registrar of Companies (ROC).

3. Board Resolution: Formally document the partners’ decision to convert through a resolution at a dedicated meeting.

4. MoA & AoA Drafting: Craft the Memorandum of Association (MoA) and Articles of Association (AoA) – the fundamental documents defining your PLC.

5. Incorporation Documents: Compile and submit the required documents, including MoA, AoA, PAN details, and business continuity plans, to the ROC.

6. Liabilities Settlement: Obtain No Objection Certificates (NOCs) from secured creditors, ensuring a clean slate for your PLC.

7. Registration Completion: Upon receiving the Certificate of Incorporation, your PLC officially commences operations with a robust legal foundation.

How it works

Experience effortless financial management with our streamlined process. Simply onboard, submit documents securely, and ensuring a seamless and efficient accounting partnership.
Get In Touch

Fill the form or Chat with one of our executive to get all the details.


Chat now

Provide Necessary Documents

Submit all necessary documents required for company registration.


Documents needed


Track Your Work

Get your work done in in 10-15 working days


Track order

Choose Your Plan

Your Financial Peace, Priced Right

Ultimate Startup Package

Our Ultimate Startup Package Service Include

Rs.21999/

/Including Govt. Fees

Dapibus sodales torquent vel hac vulputate ornare nam, magna rutrum sagittis libero nostra.


Get started

*Fee is inclusive of Government Fee, Out of Pocket Expenses, Professional Fee and GST.
Ultimate Small Business Package

Our Ultimate Small Business Package Service Include

Rs.23999/

/Including Govt. Fees

Dapibus sodales torquent vel hac vulputate ornare nam, magna rutrum sagittis libero nostra.


Get started

*Fee is inclusive of Government Fee, Out of Pocket Expenses, Professional Fee and GST.
Ultimate Enterprise Package

Our Ultimate Enterprise Package Service Include

Rs.25999/

/Including Govt. Fees

Dapibus sodales torquent vel hac vulputate ornare nam, magna rutrum sagittis libero nostra.


Get started

*Fee is inclusive of Government Fee, Out of Pocket Expenses, Professional Fee and GST.

Common Questions

Most Popular Questions


What is the process of converting a partnership firm into a private limited company?




The process involves obtaining approval from the partners of the partnership firm, incorporating a private limited company, transferring assets and liabilities, and complying with legal requirements for conversion.


Reasons may include limited liability protection, enhanced credibility, easier access to funding, scalability, and tax benefits associated with corporate structures.


The conversion must comply with the provisions of the Indian Partnership Act, 1932, and the Companies Act, 2013, and involve obtaining necessary approvals from regulatory authorities, filing required documents, and paying prescribed fees.


Yes, most partnership firms can be converted, subject to compliance with legal requirements, eligibility criteria, and assessment of business viability.


Documents such as incorporation documents, asset transfer agreements, partnership deed, dissolution deed, board resolutions, special resolutions, and necessary forms for filing with the RoC are required.



Is there a timeline for completing the conversion process?




The process must be completed within a specified timeline, as per the requirements of the Indian Partnership Act, 1932, the Companies Act, 2013, and any applicable regulations.


Non-compliance may lead to rejection of conversion by regulatory authorities, penalties imposed by the RoC, and adverse impact on the business’s legal status and operations.


Yes, Avenue Advisory provides expert assistance for conversion, including assessing eligibility, preparing documents, filing

 


Avenue Advisory ensures compliance with the conversion procedure by guiding clients through the process, preparing accurate documents, and liaising with regulatory authorities for approvals.


Avenue Advisory ensures compliance with the conversion procedure by guiding clients through the process, preparing accurate documents, and liaising with regulatory authorities for approvals.

Make your business stand out with our personalized accounting services.

Elevate your business with our tailored accounting solutions, uniquely designed to make your financial management stand out. Experience personalized services that go beyond numbers to drive your success.

Get Expert guidance

Why choose us

4 Seamless Steps to Your Success

Get what you need with Company Avenue Advisory’s hassle-free process. Follow these four simple steps and let us handle the rest:
STEP 1: Get Started (FREE!)

Share your needs and questions through our Quick Enquiry Form. Connect with a friendly advisor for a personalized call within 24 hours. Receive a clear quote without any obligation – it’s all about understanding your goals!

STEP 2: Find Your Perfect Path

Our dedicated advisors listen to your needs and help you explore options. We make things clear and answer any questions you have along the way. Get expert guidance and feel confident about your next steps.

STEP 3: Get it Done Simply

Access our streamlined platform for easy document management. We provide a simple questionnaire and checklist to ensure everything’s covered. Relax knowing we’re here to guide you every step of the way.

STEP 4: Pay Actual Fee and Enjoy Peace of Mind

Receive a transparent and fixed fee before you proceed – no surprises! Focus on achieving your goals knowing everything is handled efficiently and ethically. Trust our expertise and enjoy the journey towards your success.