Deciding the designated partners among the partners (minimum 2 designated partners and one of them should be resident of India). Only partners of partnership firm can be the partners.
Apply for DSC and DIN for the designated partner if not available
Apply in Form 1 (Rule 18(5) for name reservation.) Consent of each of the partners of the firm for conversion of the firm into LLP shall be attached to Form.
File e form 2 (Incorporation documents, statement of partners and subscription sheet.) The Partners are required to subscribe their names along with signatures to the subscription sheet, which shall be witnessed by any chartered Accountant/Company Secretary/Advocate in practice.
File application for conversion in Form 17 covering details of partnership firm i.e name, details of address & registration if any, consent of all partners of the Firm along with conversion documents. The Registrar shall, on conversion of the firm into LLP shall issue a certificate of registration under his seal in Form 19.
Draft LLP Agreement and consent letters and obtain signature.
File Form 3 (agreement details) within 30 days from the date of conversion.
Information required:-
Name of LLP (six suggestions)
Main Object
Identity Proof, Residence Proof and pan card of Designated Partners for DIN
Names of Partners and Designated Partners, Email id and contact number
Whether LLP agreement will be executed in India or outside India?
Contribution bifurcation- name of partner and contribution by him
Other Directorships / or Partnerships LLP of partners
Registered office Address and Registered office Address Proof.
Form 3 (agreement)
Place where agreed
Date of Agreement
Date of ratification
Business activities to be carried on by the LLP, on incorporation
Clause relating to resolution of disputes
Rights and duties of Partners
LLP Agreement
Consent of each of the partners of the firm for conversion of the firm into LLP shall be attached to Form
List and consent of creditors if any for conversion.
Approval from any Body / Authority, if any.
Statement of Assets and Liabilities of the firm duly certified as true and correct by the Chartered Accountant. (Not older than 30 days for making application.)
Details required for filing Form 17.
Whether up to date Income-tax return is filed under the Income-tax Act, 1961.
Whether any proceeding by or against the company is pending in any Court or Tribunal or any other Authority.
Whether any conviction, ruling, order, judgment of any Court, Tribunal or other authority in favour of or against the company is subsisting.
Whether any clearance, approval or permission for conversion of the company into limited liability partnership is required from any Body / Authority. etc