Converting an LLP into a Private Limited Company allows the business to expand its operations, attract investors, and enjoy the advantages of a corporate structure. This process must follow statutory requirements under the Companies Act, 2013.

• Access to Funding: Allows raising equity capital and attracting institutional investors.
• Perpetual Succession: Ensures continuity of the business irrespective of ownership changes.
• Limited Liability Protection: Shields personal assets of shareholders from business liabilities.
• Enhanced Credibility: Boosts trust among customers, suppliers, and investors.

• Section 366 of the Companies Act, 2013 permits the conversion of LLPs into Private Limited Companies.
• Compliance with the Companies (Incorporation) Rules, 2014 is mandatory.
• Filing Form URC-1 for registration as a Private Limited Company is required.

• Existing partners of the LLP become shareholders and directors in the new company.
• All assets, liabilities, and contracts of the LLP are transferred to the new entity.
• A new Certificate of Incorporation (COI) is issued by the Registrar of Companies (ROC).

• Obtain Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for directors.
• Reserve the company’s name using the RUN (Reserve Unique Name) application.
• Prepare Memorandum of Association (MOA) and Articles of Association (AOA).
• File the necessary incorporation forms with the ROC.

• Step 1: Obtain DSC and DIN for the proposed directors.
• Step 2: File the RUN application for name reservation.
• Step 3: Draft the MOA and AOA to define the company’s structure and objectives.
• Step 4: File Form URC-1 along with supporting documents and incorporation forms with the ROC.
• Step 5: Obtain the Certificate of Incorporation (COI) and update business registrations and bank accounts.

• Compliance with statutory requirements under both LLP and company law.
• Non-alignment of objectives between LLP partners and company shareholders.
• Delays in obtaining approvals from the ROC.

• Identity and address proof of directors and shareholders.
• Details of the LLP’s assets, liabilities, and contracts.
• No objection certificate (NOC) from creditors and partners.
• Drafted MOA, AOA, and Form URC-1.

• File RUN for name reservation with the ROC.
• Submit Form URC-1 with supporting documents.
• Obtain the Certificate of Incorporation (COI) within 20-30 working days, subject to approval.

• ROC Filing Fees: Rs. 5,000 to Rs. 15,000, based on authorized capital.
• Professional Fees: For drafting, filing, and advisory services.
• Estimated Total Cost: Rs. 25,000 to Rs. 50,000, depending on complexity and professional assistance.