How we convert Partnership to Private Limited Company?
It's great news that you're looking to go public. The process to convert from Partnership to Private Limited Company is simple, but will take 30 to 35 days to complete, as there are many steps involved. First you need to alter the articles of association, then delete the word private from your name, commence the registration process and finally wait for the certificate of commencement of business.
Do note, however, that some requirements and charges will depend on whether or not you already have one directors, seven members (shareholders) and a paid-up capital of Rs. 5 lakh (all are necessary for a private limited company).
A fairly straightforward process, but do remember that you need three directors, seven shareholders and a paid-up capital of at least Rs. 5 lakh.
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