1. Legal Possibility of Conversion

• Yes, an LLP can be converted into a private limited company under the Companies Act, 2013
  
• The process is governed by Section 366 of the Act and Companies (Authorised to Register) Rules, 2014
  
• Requires the LLP to have at least 2 partners and meet other eligibility criteria
  

2. Eligibility Conditions

• LLP must have a minimum of 2 partners who will become directors in the company
  
• The LLP must have no pending litigation or secured loans
  
• At least 75% of partners must consent to the conversion
  
• The LLP’s financial records must be updated and audited
  

3. Approval and Documentation

• Obtain name approval for the proposed private limited company via the RUN service on the MCA portal
  
• File Form URC-1 with required documents such as
  
  • Consent from partners and list of directors
    
  • Latest balance sheet and income statement
    
  • No objection certificates from creditors
    
  • LLP agreement and certificate of registration
    

4. Incorporation Filing

• File SPICe+ (INC-32) for incorporation of the new company
  
• Attach Memorandum of Association (MoA) and Articles of Association (AoA)
  
• Submit PAN, address proofs, and DIN/DSC of proposed directors
  
• ROC reviews and, if all is in order, issues Certificate of Incorporation
  

5. Post-Conversion Actions

• Update registrations such as GST, PAN, TAN, and bank accounts in the name of the new company
  
• Inform clients, vendors, and other stakeholders about the conversion
  
• The LLP is dissolved and the new company takes over its assets, liabilities, and operations