The basic requirement is that LLP should have minimum 7 partners and consent from all the partners is required, and information about conversation is to be done into local newspaper and national newspaper. Approval of no objection is required from (ROC) Registrar of companies.
Many entrepreneurs started their business as Limited liability partnership but they wish to convert them into private limited company for infusing equity capital and for more growth of company. Capital or investment is the major tool which for expansion of company. As per companies act 2013 provision section 366of companies Act 2013 ND LLP firm can be converted into private limited company. Wherein there are few requirements that have to be full filled for conversion.
