A company can change its legal structure for various reasons and may reach a point where it becomes necessary or preferable to change its type to a different entity type.

AUDITING BAZAAR is equipped to provide wise and visionary legal advice and service in all the matters mentioned below. Our service for conversion of business entity encompasses the following:

CONVERSION OF A PRIVATE COMPANY INTO A PUBLIC COMPANY AND VICE-VERSA

A private limited may be converted into a public limited company and vice-versa by complying with the following requirements:

• Alteration of Articles by adding/deleting(Private/Public respectively) the three restrictions[Section 2(68)] by passing Special Resolution as per Section 14; and
• Changing name of the company by either adding/deleting the word ‘private’ from its name, by passing a Special Resolution as per Section 13.

The professionals at AUDITING BAZAAR are well-trained and are competent for filing applications and providing expert legal support and procedures for such conversion.

CONVERSION OF A COMPANY REGISTERED UNDER SECTION 8 INTO A COMPANY OF ANY OTHER KIND

A company registered under Section 8 which intends to convert itself into a company of any other kind shall pass a special resolution at a general meeting for approving such conversion and file form MGT-14 along with certified true copy of special resolution, copy of notice and explanatory statement.

The company shall also file an application in Form INC-18 with the Regional Director

CONVERSION OF ANY FORM OF BUSINESS TO LIMITED LIABILITY PARTNERSHIP

A Private Limited Company or any other type of business entity may lawfully and easily be converted into a Limited Liability Partnership (LLP), to avail the benefits and advantages enjoyed by the LLPs in India.

CONVERSION OF ONE PERSON COMPANY TO PRIVATE LIMITED COMPANY

A One Person Company (OPC) can be converted lawfully into a Private Limited or Public Limited company either voluntarily or mandatorily.

Conversion can be done after increasing the minimum number of members and directors to two or minimum seven members and two or three directors as the case may be, and by maintaining the minimum paid-up capital.

It may be noted that an OPC can voluntarily convert itself into a Private or Public company only after the expiry of two years from the date of incorporation of OPC.

CONVERSION OF PRIVATE LIMITED COMPANY TO ONE PERSON COMPANY (OPC)

A private company other than a company registered under Section 8 (non-profit company) of the Act having paid up share capital of fifty lakhs rupees or less and average turnover during the relevant period is two crore rupees or less may convert itself into one person company by passing a special resolution in the general meeting.

The company is also required to obtain No Objection in writing from members and creditors.

CONVERSION OF PROPRIETORSHIP FIRM TO PRIVATE LIMITED COMPANY

If a sole proprietor desires to convert its business into a Private company , the entity is required to comply with rules and regulations prescribed under the Companies Act, 2013

Expert and well-informed professionals of AUDITING BAZAAR LLP will help you in converting your business to a Private Limited Company.

CONVERSION OF UNLIMITED LIABILITY COMPANY INTO A LIMITED LIABILITY COMPANY

AUDITING BAZAAR’s service for conversion of unlimited liability company into a limited liability company encompasses the following:

• Preparation of special resolution which ought to be passed in the general meeting of the company
• Preparation and Filling of Application in form INC-27
• Publication of notice in Form INC-27A of proposed conversion in two newspapers (one in English and one in vernacular language)
• Make necessary alteration in MOA and AOA of the company
• Preparation of complete list of creditors and debenture holders to whom individual notices needs to be sent
• Obtaining NOC from sectorial regulators and all secured creditors
• Obtaining fresh certificate of incorporation in Form INC-11A

CONVERSION OF A COMPANY LIMITED BY GUARANTEE INTO A COMPANY LIMITED BY SHARES

A company other than a company registered under section 25 of the Companies Act, 1956 or section 8 of the Companies Act, 2013 may convert itself into a company limited by share.

The company seeking conversion shall have a share capital equivalent to the guarantee amount.

AUDITING BAZAAR’s service for conversion of unlimited liability company into a limited liability company encompasses the following:

• Preparation of special resolution authorising such conversion
• Filing the duly passed resolution with Registrar of Companies in MGT-14
• Preparation and filling of Application in Form INC-27 with Registrar of Companies
• Obtaining fresh certificate of Incorporation in Form INC-11B on behalf of our clients