Conversion of Partnership Firm into a Private Company
998399
*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.
Price
Contact for price
Services covered :
- Name Reservation
- Drafting MOA and AOA
- Company Incorporation
- DIN Application for all Partners
- PAN and TAN Application
- GST Registration
- PT Registration for company incorporated in Maharashtra
Documents Required :
- PAN Card Of Shareholders And Directors. Foreign Nationals Must Provide A Passport.
- Identity Proof
- Voter ID/ Passport/ Driving License Of Shareholders And Directors
- Address Proof
- Telephone Bill /Electricity Bill/ Latest Bank Account Statement Of Shareholders And Directors
- Latest Passport Size Photograph Of Shareholders And Directors
- Business Address Proof
- Latest Electricity Bill/ Telephone Bill Of The Registered Office Address
- Duly Certified Copy Of Latest Audited Financial Statements
- A Copy Of Latest Income Tax Return Filed By The Partnership Firm.
- Copy Of Partnership Deed To Be Provided
FAQ ()
Question :
What are the Benefits of Converting a Partnership firm into a Private Limited Company?
Answer :
1. Limited liability
2. Separate legal entity
3. Perpetual succession
4. As there would be no restriction to shareholders, raising funds would be easier
5. More Diversification and expansion
Question :
Is capital gain or stamp duty charged on conversion?
Answer :
No Capital Gains tax or stamp duty shall be charged on transfer of property from Partnership firm to a Private Limited Company.
Question :
What are the minimum requirements to convert partnership into private limited?
Answer :
Following are the minimum requirements:
Appointment of minimum 2 directors, out of which one must be a resident of India.
Minimum requirement of 2 shareholders for this registration. Further, an individual may become shareholder and director at the same time.
A place of business in India must be provided as a regd. office address
Question :
Can unregistered partnership firm be converted into company?
Answer :
No, only a registered partnership firm can be converted into company under the companies act,2013.
Question :
Do we have to add Private limited after the name of the company?
Answer :
Yes, it is mandatory to add Private limited after the company name after its incorporation.
Question :
Is Registration of company compulsory?
Answer :
Yes, as without registration no company can be into existence, hence it is mandatory to be registered as a company.
