Common conversions
| From | To | Main points |
|---|---|---|
| Proprietorship | Private Limited company | New company takes over the business by agreement; tax-neutral if conditions in the tax law are met |
| Partnership firm | LLP or company | Conversion procedure under the LLP Act or Part I of Chapter XXI of the Companies Act |
| Private company | Public company | Special resolution, alteration of articles and name; common before IPO |
| Public company | Private company | Special resolution and approval of the Registrar |
| OPC | Private or public company | Voluntary conversion with resolutions and filings |
| Private or unlisted public company | LLP | Application under the LLP Act with consent of shareholders and creditors |
What we review before converting
- Tax conditions for a tax-neutral conversion and carry-forward of losses
- Stamp duty on transfer of property and assets
- Transfer of licences, registrations, contracts and bank facilities
- GST registration and transfer of input tax credit
Frequently asked questions
Will my GST number change?
A new entity needs its own GST registration in most cases, with transfer of credit where the law allows.
Is a conversion taxable?
It can be tax-neutral if the conditions in the tax law are met. We check them before you proceed.
How long does it take?
Usually a few weeks, depending on the conversion and on approvals.
This page gives general information about Agar & Co. and its services. It is not an advertisement or solicitation, and it should not be treated as professional advice. Rates, thresholds and due dates change from time to time.