Typically Partners in a Partnership Firm would not have a digital signature as the same is not necessary for registration of a partnership firm. However, if the Partners decide to convert the Partnership Firm into a Limited Liability Partnership, then Digital Signatures would be required for all the Partners.
Partners in a LLP or Directors in a Private Limited Company require a DIN / DPIN. A DIN is a unique number given for each person who is a LLP Partner or Director. Once, a DIN or DPIN is issued, it can be used for lifetime without any renewal or compliance filing.
Once, two DIN or DPIN numbers are available, application for name reservation can be made to the Ministry of Corporate Affair. Reservation of name of the LLP must first be obtained before filing the forms for conversion of the Partnership Firm into LLP.
LLP Form 17 (Application and Statement for the Conversion of Partnership Firm into Limited Liability Partnership (LLP)) must be filed along with the incorporation application and subscribers sheet while converting a partnership firm into a LLP. Further, the following documents must be mandatorily attached to the LLP Form 17:
Once, LLP Form 17 is prepared it must be digitally signed by a Designated Partner and a Chartered Accountant (in whole-time practice) or Cost Accountant (in whole-time practice) or Company Secretary (in whole-time practice).
For the conversion of Partnership Firm into LLP, along with LLP Form 17, LLP Form 2 and LLP Form 3 must also be filed. LLP Form 2 contains incorporation document and subscriber’s statement. Along with LLP Form 2, the following documents must be submitted:
LLP Form 3 contains the initial LLP Agreement. This form can be filed once the Partnership Firm is converted into LLP or while filing for conversion of Partnership Firm into LLP. The LLP Agreement must be attached with LLP Form 3.
On successful conversion of Partnership firm into LLP, the Registrar would issue Certificate of Incorporation of LLP. Once, the LLP is incorporated and the Partnership Firm is converted, the Partnership Firm would be deemed to be dissolved. Further, on conversion of Partnership into LLP, all properties, assets, interests, rights, privileges, liabilities, obligations of the firm is transferred to the LLP. In other words, the whole of the undertaking of the firm is transferred to the LLP.
Doing Business Is Easy & Fast.
You simply won’t find another vendor that can match our value proposition. Our customers often tell us the same thing. We make every effort to provide our customers with great products and services, and we work just as hard to make sure they are getting the right business model that fits their needs. We promise the same to you.
We place highest importance to providing extra ordinary customer Support.
When it comes to the numbers, you might get a million query in your head. Do not worry! Our dedicated support team loves to assist you with anything. Just give us a buzz and we would happy to answer all of your queries..
We know how expensive finance experts and designers can be. Businessgig provides best of the both at an unimaginably low price. We harness the power of technology and have pushed a lot of our work to digitization. This saves us a lot of time and we happily pass on the benefit to our customers.
A Pricing structure designed for your every need. Our business package will free you from charges for every service. We provide best in class services at reasonable charges through latest technology, experience and expertise. .
Alone we can do so little, together we can make wonders. So lets team up and grow together. You would have heard the phrase ‘Making mountains out of molehills’; but here we do what we do best-making molehills out of mountains.
We enjoy the reputation of being synonymous with professionalism, efficiency, and excellent service. We provide full spectrum of financial, accounting, designing, marketing services as well as investment consultancy, project evaluation and services related to all types of business and corporate agreements. We specialize in providing end to end support to startups – be they proprietorship’s, partnership’s, LLP’s, or Private Limited Enterprises. Our knowledge of the Indian ecosystem makes us perfectly placed to provide end-to-end assistance with company formation in India as well as company registration in India.
Enter your email address to subscribe and receive notifications by email.
We hereby promise to be responsible emailers.