| Step Name | Short Description | Estimated Timeline |
|---|---|---|
| Partner Resolution | Passing a formal resolution among partners to approve the conversion. | 1–2 Days |
| Newspaper Notice | Publishing a public notice in Form URC-2 in two local newspapers. | 7–10 Days |
| Name Reservation (RUN) | Reserving the company name (usually identical to the LLP name). | 2–3 Days |
| Form URC-1 Filing | Filing the application for conversion along with partner/creditor consents. | 5–7 Days |
| SPICe+ Part B Filing | Integrated filing for incorporation, PAN, TAN, and DIN allotment. | 5–7 Days |
| Certificate of Incorporation | Final issuance of the CoI by the Central Registration Centre (CRC). | 3–5 Days |
| Compliance Name | Description | Due Date |
|---|---|---|
| Commencement (INC-20A) | Mandatory declaration filed before starting any business operations. | 180 Days from CoI |
| Share Certificate Issue | Issuing share certificates to the erstwhile partners (now shareholders). | 60 Days from CoI |
| Bank/GST Migration | Updating the entity's status and tax IDs in bank and GST records. | 30 Days from CoI |
| LLP Agreement Termination | Closing the LLP records with the ROC postincorporation. | Integrated |
Yes, if the conditions under Section 47(xiii) of the Income Tax Act are met, including the retention of shareholding.
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