Published Thu, 29 Sep 2022 | Updated Fri, 31 Mar 2023
Any Company other than Section 25/ Section 8 Company can be converted into a LLP by complying with the procedure as provided below:
For e-Form FiLLiP:
For E-Form 18:
4. Filing of LLP Agreement: After the company has been converted into LLP, a LLP Agreement needs to be executed between the designated partners and the same shall be filed in e-Form 3 within 30 days from the date of conversion with the Registrar of Companies.
Filing of E-Form 14- As per Third Schedule of LLP Act, 2008, upon conversion, an application in E-form 14 to be filed in physical form and be submitted to Registrar of Firms along with Certificate of Incorporation within 15 days of such conversion. (Although contradictory to the rules, help kit of e-form 18 clearly mentions that e-form 14 is not required to be filed after filing of Form 18)
Upon approval of e-Form 18, a certificate of incorporation will be issued to the LLP and the status of the company will be changed to ‘Converted to LLP’. Further, all the existing assets and liabilities of the company will get transferred to the LLP.
Recently a number of companies (public as well as private companies) are opting for conversion into a Limited Liability partnership (LLP) for various reasons, which inter-alia include: