Procedure of conversion
Convene Board Meeting
Convene a Board Meeting of Directors and pass necessary resolutions for conversion and obtain name approval from the Ministry
As per the resolution passed in the Board Meeting of Directors, RUN-LLP is filed for name approval with Board Resolution as an attachment.
Drafting LLP Agreement
The most important step is to draft a LLP Agreement professionally as it carries all the rights and responsibilities of partners.
Filing of Incorporation Form
Once the Agreement is drafted Incorporation Form in Form-2 is required to be filed with Registered Office and subscribers details and their consent
Application For Conversion
Application for conversion is to be submitted to the ROC in Form 18 which carries the statement of shareholders, Statement of Assets and Liabilities, NOC of Creditors & Income Tax Authority.
Filing of Form-3
Upon filing of Form-2, certificate of Incorporation is given, now the LLP agreement signed by all the partners is required to be filed with Registrar in Form-3 and attached COI.
Filling of FORM-14
Once COI is received, Form MGT-14 is required to be filed to the registrar within 15 days with attached COI and other necessary documents