8 Jun 2021, 09:36 — 4 min read
In order to convert a Partnership firm into a Limited Liability Partnership (LLP) it must be a registered entity. If not registered, you need to register and then convert to LLP.
Things to do before going for conversion
1 Make partners change as required, if any
2 Finalise Accounts
3 Complete Audit (if mandatory)
4 File IT Return
5 Register the firm, if not registered previously.
1 Registration Certificate
2 Partnership Deed
3 Latest Audited accounts
4 Latest ITR
5 List of Secured creditors, if any and NOC and Consent letters from all secured creditors
6 No Objection Certificate from tax authorities
Documents Required for Conversion
1 Address proof of registered office (Rental Agreement)
2 Utility Bill of Registered office (Electricity Bill, Phone Bill, Gas bill etc) not older than 2 months
3 Approval by regulatory authority, If any.
4 DINs & DSCs of all partners
5 Statement of consent of partners of the firm
6 List of certified liabilities and assets (to be certified by PCA)
7 Detail of LLP(s) and/ or company(s) in which partner/ designated partner is a director/ partner (if any).
Other details required
1 PAN and Aadhaar of all partners (self-signed)
2 Place of Birth of all partners
3 Email IDs and cell numbers of all Partners
4 Voter ID / Passport / Driving License (any one only) of all partners if DIN is not available (self-signed)
5 Bank statement / EB / Phone Bill (any one only) of all partners if DIN is not available (self-signed)
6 Write Business nature description
7 Subscribers' sheet including consent
8 Proceeding by or against the Firm is pending in any Court or Tribunal or any other Authority.
9 Details of any conviction, ruling, order, judgment of any Court, Tribunal or other authority in favour of or against the firm.
10 Details of any earlier application for conversion of the said firm into limited liability partnership was refused by the Registrar.
Things to do and documents required after conversion
1 LLP Agreement (Filing of Form-3)
2 Intimating the Registrar of Firms about the conversion (in FORM 14 [See rule 33])
3 Intimating the Income Tax Department
4 Filing PAN Application for changes in the Name of Firm
5 Intimating to other authorities as may be required.
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Posted byAnil Kumar Ganga
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