Partnership Firm into Private Limited Company

All partners of the partnership firm shall become shareholders of the company in the same proportion in which their capital accounts stood in the books of the firm on the date of the conversion. The partners receive consideration only by way of allotment of shares in company.

Process
(a) Filing of requisite form for Conversion
(b) Preparation of Foundation documents of the Company
(c) Filing for name approval
(d) Filing of Incorporation documents
(e) Receiving certificate of incorporation