• • Partnership firm has to be registered with the registrar of firms.
  • There has to be a minimum of 2 partners to set up the same.
  • Amending the partnership deed – mention a clause for conversion in the deed, if needed.
  • All the associates of the partnership firm should become shareholders of the company in the same proportion in that their capital accounts stood in the books of the firm on the conversion date.
  • Majority of members’ consent by calling a general meeting (GM) for conversion.

1. Convey a meeting of the partners to transact to the following business;

• • To authorize one or more partners to take all the necessary steps and implement all the papers, documents, deeds, and so forth according to the firm’s registration as a company.

– To implement a supplementary partnership deed to align it with the necessity as given below;

– There have to be at least two partners in the partnership firm.

– The firm might be registered with the registrar of firms.

• • Need to have a fixed capital divided into units.
  • There has to be a provision to convert a firm into a company.
  • Requirement of an agreement by the partners to convert the partnership firm into a private company. It can be done through the contract in writing to this effect that the partner’s resolution to convert can be achieved as annexure.

Step 2. Implement a settlement deed. Chosen the draft has to be advertised in the form URC 2 in the newspaper.

Step 3. Acquire the DSC (digital signature certificate).

Step 4. Acquire DIN in the form of DIR-3.

Step 5. Apply for the name in the RUN (reserve unique name).

Step 6. Publish an advertisement in the E-form URC-2 about the registration in 2 newspapers (Vernacular and English) to seek any opposition within 21 days of publishing.

Step 7. After acquiring the name’s availability in terms of the provisions of section 4 of the act, a company should link the needed documents and information to the registrar along with form no. URC-1 (conversion form).

Step 8. Submit E-form <SPICE+> (application for incorporation) for providing all the details about all directors and subscribers of the converted company.

– Registrar would register the company and allocate a certificate of incorporation (COI).

Required documents

1. For DIN – PAN card/Aadhar card/Passport image’s signed copies.
2. A newspaper advertisement in the form of URC-2.
3. Details necessary for submission of form URC-1.

– Partnership firm/registration’s name (if any).

– SRN of RUN (submitted form).

– Number of partners.

– Date of partnership deed.

– Date of partners resolution.

– Total amount of property – secured debt (if any).