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Proprietorship firm to Private Limited Company


What is Private Limited Company?

A private limited company, or LTD, is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits the number of shareholders to 50, and restricts shareholders from publicly trading shares.

A Private Limited Company is a Company which is owned by at least two shareholders. Also, there is a requirement that at least two directors should be there to form a Private Limited Company.

Why convert proprietorship into LLP?

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What is the

Documents required

What is the Procedure for Private Limited Conversion?

  • A new private limited company has to be incorporated which will take over the sole proprietorship concern such as DIN & DSC,(MOA,AOA) & Affidavit,Apply in Form,Company Registered
  • Digital signature for atleast one director is required
  • If any director already possess DIN it can be used. Else, application for DIN can be made

What Includes in this package?

  • Verification of Documents
  • Applying DPIN and DSC for the partners
  • File LLP Agreement
  • Incorporation Certificate will be delivered

Frequently Asked Questions (FAQ)

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Any person above 18 years can become a director. Non-residents can also become director of Indian companies.

ID proof and residence proof of all the proposed directors, PAN card is mandatory for Indian nationals. No objection certificate from the owner of registered office or lease agreement must be produced.

A private limited company must have a minimum of 2 directors while the maximum no. of directors can be upto 15.

Every private limited company must hold a board meeting atleast once in every three months and an Annual general meeting (AGM) every year.

Yes, Companies Act 2013 provides rules for converting a private limited company into a public limited company.

Company’s proposed name should be unique i.e., it should not be identical to any existing name. Names that infringe others’ rights, trademarks or patents are likely to be rejected by ROC.

Every private limited company must hold a board meeting atleast once in every three months and an Annual general meeting (AGM) every year.