Conversion of firm/LLP to company requires expanded documentary, stamp compliance, CA-certified accounts and registrar intimation. The rules amend the Companies (Authorised to Register) Rules, 2014 to include firms in conversion proceedings, adding a definition of 'firm' and expanding documentary and procedural requirements for conversion from LLPs or firms into companies. Mandatory attachments now include partnership deeds (including revisions), certificate of registration of the firm if any, an undertaking as to Indian Stamp Act compliance, a CA-certified statement of assets and liabilities dated within thirty days of filing, and the latest income tax return. The URC-1 form and consent, affidavit and publication requirements are correspondingly revised, and dissolution papers must be submitted to the authority where the entity was earlier registered.
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Conversion of firm/LLP to company requires expanded documentary, stamp compliance, CA-certified accounts and registrar intimation.
The rules amend the Companies (Authorised to Register) Rules, 2014 to include firms in conversion proceedings, adding a definition of "firm" and expanding documentary and procedural requirements for conversion from LLPs or firms into companies. Mandatory attachments now include partnership deeds (including revisions), certificate of registration of the firm if any, an undertaking as to Indian Stamp Act compliance, a CA-certified statement of assets and liabilities dated within thirty days of filing, and the latest income tax return. The URC-1 form and consent, affidavit and publication requirements are correspondingly revised, and dissolution papers must be submitted to the authority where the entity was earlier registered.
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