y Explain the steps involved in conversion of part
hership into LLP
Answers
Answer:
1)Obtain Digital Signature for all the partners.
2)Partners in LLP require a DPIN/DIN. Therefore obtain DPIN/DIN for all partners.
3)Make an application in RUN-LLP Form for name reservation on MCA website.
4)File Form FiLLiP for Application and Statement for the Conversion of Partnership Firm into LLP.
5)Once the process of incorporation is complete by filing Form FiLLiP, the next step is to register the LLP Agreement with MCA.
6)On successful conversion into LLP ROC shall issue Certificate of Incorporation of LLP.
Explanation:
Steps for conversion of Partnership Firm into LLP:
Step by step guide for conversion of Partnership Firm into LLP:
1)Obtain Digital Signature for all the partners.
Generally partners in a Partnership Firm would not have a digital signature as the same is not necessary for the registration of a partnership firm.
2)Partners in LLP require a DPIN/DIN. Therefore obtain DPIN/DIN for all partners.
A DIN is a unique number for each person who is an LLP Partner or Director.
3)Make an application in RUN-LLP Form for name reservation on MCA website.
Before applying for reservation of name, applicant must check the rules for selection of LLP name.
4)File Form FiLLiP for Application and Statement for the Conversion of Partnership Firm into LLP.
The documents required for LLP registration and for Form FiLLiP.
5)Once the process of incorporation is complete by filing Form FiLLiP, the next step is to register the LLP Agreement with MCA.
File LLP Form 3 for LLP Agreement registration which contains details of LLP agreement along with partners resolution with MCA.
6)On successful conversion into LLP ROC shall issue Certificate of Incorporation of LLP.
Further when the LLP is incorporated and the Partnership Firm is converted the Partnership Firm would be deemed to be dissolved.
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