The LLP form of business is a new kind of legal entity compared to a Company form of organization. Before the year 2009, there was… Read More »Conversion of LLP Into a Private Limited Company
Exit & Conversion
The need for changing the legal status of a company usually arises when there is a change in its financial status, whereas, the need for exiting or closing a company arises when the business fails on the financial front. The articles posted under this category shall discuss the need, procedure, and other relevant details related to the conversion and closure of companies.
The conversion of a private limited into an OPC (One Person Company) is allowed as per the Companies Act, 2013, which provides a mechanism to convert one class of… Read More »Convert Private Limited into One Person Company