Conversion or Closure

Proprietorship into Private limited company

To convert a Sole Proprietorship into a Private Limited Company, an agreement has to be executed between the Proprietorship and the Private Limited Company (once it is incorporated) for the sale of the business. Further, such Private Limited Company so incorporated must have “the takeover of a Sole Proprietorship Concern” as one of the objectives in its Memorandum of Association.

Service Include:

• DIN for 2 Directors
• Digital Signature For 2 Directors
• Name search & approval
• MOA/AOA
• Registration Fees
• Company PAN Card

Process Invovled:

• You are required to fill the details in our simple questionnaire and submit documents.
• After submitting your documents we will provide you with DSC and DPIN.
• For further procedures, details provided by you will be verified by our experts.
• We will create your documents and application and file them with ROC.
• Once your company is incorporated, we shall send you all the documents and DSCs.

Minimum Requirements:

• All the assets and the liability of the Sole Proprietory concern relating to the business immediately before the succession become the assets and the liability of the company.
• The shareholding of the sole proprietor in the private limited company is not less than 50% of the total voting power in the company and his shareholding continues to remain so for a time period of 5 years from the date of the succession.
• The sole proprietor does not receive any benefit or consideration, directly or indirectly, in any form or manner, other than by way of allotment of shares in the company.

Partnership into private limited company

To convert a Partnership into a Private Limited Company, an agreement has to be executed between the Partnership and the Private Limited Company (once it is incorporated) for the sale of the business. Further, such Private Limited Company so incorporated must have “the takeover of a Partnership Concern” as one of the objectives in its Memorandum of Association.

Service Include:

• DIN for 2 Directors( depends upon the number of director)
• Digital Signature For 2 Directors
• Name search & approval
• MOA/AOA
• Registration Fees
• Company PAN Card

Process Invovled:

• You are required to fill the details in our simple questionnaire and submit documents.
• After submitting your documents we will provide you with DSC and DIN.
• For further procedures, details provided by you will be verified by our experts.
• We will create your documents and application and file them with ROC.
• Once your company is incorporated, we shall send you all the documents and DSCs.

Minimum Requirements:

• All the assets and the liability of the Partnership firm relating to the business immediately before the succession become the assets and the liability of the company.
• The shareholding of the Partnership in the private limited company is not less than 50% of the total voting power in the company and his shareholding continues to remain so for a time period of 5 years from the date of the succession.
• The partner’s does not receive any benefit or consideration, directly or indirectly, in any form or manner, other than by way of allotment of shares in the company.

Closing LLP

An LLP may decide to wind up its business by two modes, either by voluntarily winding up or compulsory winding up.
In voluntary winding up partners may decide between themselves to wind up the operations of the business.
In compulsory winding up an LLP may be compulsorily wound up by the order of the tribunal. There are certain circumstances for the LLP compulsory winding up. Eg. when LLP is unable to pay off its debts, where the number of partners of the limited liability partnership is reduced below two and it continues for the period of more than six months.

Services:

• Directors affidavit for dues
• Indemnity bond
• Board resolutions creation
• Statement of account preparation
• Registration Fees

Process Invovled:

• Fill details in our simple questionnaire and submit documents required.
• Our experts will draft the required documents for LLP closure.
• We will file the documents with Ministry of Corporate Affairs.
• We shall then,send your documents to you via Courier.
• Lastly,You can now legally close your LLP firm.

Closing Private limited company

If your business in the private limited company is not running properly or faces continuous losses, it is better to close such private limited company and look for a new beginning. A private limited company needs to be closed or windup when there are no exchanges or the Directors of company are not willing to proceed its operations. A private limited company generally can be shut by both voluntary and compulsory circumstances.

Service Include:

• Closing Private Limited
• Directors affidavit for dues
• Indemnity Bond
• Board resolution creation
• Statement of account preparation
• Registration fees

Process Invovled:

• Fill details in our simple questionnaire and submit documents required.
• Our experts will draft the affidavit for company closure and ask for your approval.
• we will file your latest financial statement,with MCA.
• We shall then,send your documents to you via Courier.
• Lastly,You can now legally close your Pvt.Ltd.firm.