Conversion of LLP into Private Limited Company
India has always been known as the land of Trade and Commerce. It is because of this fact that even today the country aims at achieving economic development by providing Company friendly laws, encouraging setting up of different form of business entities. The Indian Law provides a variety of options for setting up of business enterprises. A person may choose setting up of a Limited Liability Partnership in order to restrict liability exposure, but after a time when the business has been perfectly established and is making profits, he may wish to convert LLP into a Private Limited Company for more growth in business or for infusing equity capital. Registration Arena helps in Conversion of LLP into Private Limited Company.
Conversion of LLP into Private Limited Company can be done under Section 366 of the Companies Act,2013 as the Limited Liability Partnership Act, 2008 does not provide provision for conversion of LLP into Company, but the Companies Act, 2013 provides provisions for conversion of LLP into Company.
At “Registration Arena”, we are continuously available to help you understand the conversion of LLP into Private Limited Company. Throughout India in all major cities including Hyderabad, Mumbai, and New Delhi, Chennai, Kolkata & all other Indian cities.