Certificate of Registration with the Companies Act, 2013 coming into force in full swing the companies and their directors need to be vigilant at all times. It will not be a caricature to say that it is no more human to err under the Act, 2013 since the repercussions of any act of error, omission, commission can literally have the directors behind bars and give a pinch of few Crores in a blink of an eye. As a much expected effect of the Act, 2013 was the urge for companies to avoid coming under the regulatory burden. Hence there are several companies currently evaluating the prospects of converting themselves into LLPs considering the ease of regulations and ease of doing business. The LLPs structure as is known is a hybrid of a partnership enterprise and a company. It helps the entity remain a body corporate yet is lightly regulated as compared to companies.

The LLP must intimate the registrar on the conversion of the company into LLP within 15 days from the date of conversion. The intimation must be processed in Form 14. The Registrar, after completion of the requisite formalities, will issue a certificate of registration. If the Registrar denies conversion, the private limited company can file an appeal before the Court of law.

The following documents have to be attached along with the application for conversion of company into LLP:

Consent of each of the shareholder of the company for conversion of the firm into LLP in the given format.

Incorporation document in Form 2.

Form 3- Form of application and declaration of incorporation of an LLP.

Clearance/no-objection certificate from tax authorities.

Statement of assets and liabilities from the company.

List of all the creditors along with their consent.

Approval from any other country.

Authorization to make declaration.

 Optional attachments, if any.