Convert Partnership to Private Limited Company

^Rs.17,200/-

Helps to get recognition in the corporate world
Easier lending from financial institutions
Compliant oriented
Organized structure of business

Convert Partnership to Private Limited Company

Conversion of a Partnership firm into a private limited company is known as Corporatisation. Converting a Partnership firm into a private limited company has many benefits like Limited Liability, Perpetual Succession, Transferability of shares, easy access to funds etc. We at ccadvisors.in provide online assistance to convert your partnership into a private limited company.

Our qualified team of legal professionals, chartered accountants and company secretaries are always available to assist you with all the legal and administrative aspects of the registration, drafting and conversion of partnership to private limited company and post registration aspects that are required to be fulfilled to convert partnership to a private limited company. To change from partnership to private limited company you would be required to follow certain quick and easy steps and provide CCA with the required documents and we would convert your partnership to private limited co.

We assure highest quality standard backed by 100% customer satisfaction Subject matter experts are available on call or via email to answer your queries. We also provide a full spectrum of post conversion services related to SSI/MSME Registration, GST Registration, Service Tax Return Filing, TDS Return Filing, Trademark Registration, Trademark Objection, Trademark Assignment, Trademark Renewal, Copyright Registration, Bookkeeping, Legal Drafting, Accounting, Import Export Code registration etc. We offer services through an online model and a network of trusted affiliates across all major cities in India including Mumbai, Delhi, Ahmedabad, Pune, Bangalore, Hyderabad, Vadodara, Kolkata, Chennai, Noida, Gurgaon, Surat, Rajkot and others.

Benefits of Partnership to a Private Limited Company Conversion

Limited Liability of Owners

The liability of members/directors is limited to an extent of capital contribution agreed by the members of the company. The loss or debt of a company cannot be assigned to members even at liquidation. Further, one member is not held responsible for the actions of negligence or misconduct of any other member.

Separation of Management and Ownership

The separate ownership and management help both to focus on their potential works. The shareholders assign responsibility to directors for operating and running the company without losing control in form of voting.

Separate legal entity

A partnership is not a separate legal entity. If one of the partners dies or retires, or has to leave the firm, the partnership ceases to exist and so a new partnership has to be formed. But this is not the case of a private limited company. The private limited company is a separate legal entity hence it also provides the capacity to sue third parties.

Raising Capital

Raising Capital is easier in the Pvt. Ltd. Company as it allows the members to participate without taking on any personal accountability; unlike the general partnership where all common partners have unrestrained liability. The organization itself provides a number of ways to raise funds in the form of private equity, ESOP, and more.

Documents required to Convert Partnership to Private Limited Company

PAN Card

PAN Card of shareholders and Directors. Foreign nationals may provide a passport.

Photograph

Latest Passport size photograph of Shareholders and Directors

NOC from partners

No Objection Certificate to be obtained from all the secured creditors of the applicant

Identity Proof

Aadhar card, Voter ID/ Passport/ Driving License of Shareholders and Directors

Address Proof

Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors

Business Address Proof

Electricity Bill/ Telephone Bill of the registered office address

Rent Agreement

Rent Agreement of the registered office should be provided, if any

Verification

A Copy of Partnership deed and Certificate of Registration duty verified by at least two partners of the general partnership.

Copy of ITR

A copy of latest income tax return filed by the Partnership firm

How to Covert Partnership to Private Limited Co. Online with CCA?

1. Fill the form given on the right

2. Select your package

3. Fill the company details

4. Pay the amount & done

Once you done, our expert will contact you.

Frequently Asked Questions

1How much capital is required to start a Private Limited Company?

You can start a Private Limited Company with any amount of capital. However, fee must be paid to the Government for issuing a minimum of shares worth Rs.1 lakh [Authorized Capital Fee] during the registration of the Company. There is no requirement to show proof of capital invested during the registration process.

2What is the number of people required to incorporate a Private Limited Company?

To incorporate a private limited company, a minimum of two people are required. A private limited company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. A minimum of two shareholders and a maximum of up to 200 shareholders are allowed in a private limited company.

3What are the requirements to be a Director?

There are no limitations in terms of citizenship or residency to be a director. But the person should be 18 or above 18 years of age.

4What documents are required for registration?

Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

5Is an office required to start a Private Limited Company?

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

6How long does it take to incorporate a Company?

ccadvisors.in can incorporate a Private Limited Company for in 14-20 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

7What are the statutory compliances required for a Private Limited Company?

A private limited company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, at least once every year.

Convert Partnership to Private Limited Company

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Convert Partnership to Private Limited Company