Company Status: Converted to LLP
Understanding Limited Liability Partnerships
When a company is marked as Converted to LLP, it signifies that the business has transitioned from a traditional company structure to a Limited Liability Partnership (LLP) under the Companies Act. This conversion allows the business to continue operations as before, now under an LLP framework that offers limited liability protection to its partners.
What is a Limited Liability Partnership (LLP)?
- 1. Hybrid Structure: An LLP combines the advantages of a company and a partnership, offering flexibility and limited liability.
- 2. Legal Continuity: The business continues its operations under the LLP structure without interruption, maintaining its legal identity.
- 3. Partner Liability Protection: Partners in an LLP have liability limited to their investment, protecting personal assets.
Why Do Companies Convert to LLP?
- 1. Flexibility in Management: LLPs offer simplified management structures compared to traditional companies.
- 2. Limited Liability for Partners: The LLP framework ensures that partners' personal assets are safeguarded against business liabilities.
- 3. Tax Benefits: LLPs may provide tax efficiencies that are not available to traditional company structures.
- 4. Simplified Compliance: LLPs often have fewer regulatory requirements, making compliance easier.
List of Converted to LLP Companies
Displaying 18 Converted to LLP companies from MCA database.
Converted to LLP
RAINBOW PAPERS LIMITED
801 AVDESH HOUSE 8TH FLOOROPP GURU GOBIND GURUDWARA GANDHINAGAR-SARKHEJ HIGHWAYNA-THALTEJ AHMEDABAD-Gujarat-380054-India
Registration Date
04 Jul, 1986
Category
Company limited by shares
Authorized Capital
₹400,000,000.00
Paid-up Capital
₹212,435,000.00
ROC Ahmedabad
Indian
Converted to LLP
COASTAL CHEMICALS LTD
MINDI VILLAGE,INDUSTRIAL DEVPTAREA,BHPV POST VISHAKAPATNAM. 530012.A.P.NA-NA-Andhra Pradesh-000000-India
Registration Date
11 Dec, 1972
Category
Company limited by guarantee
Authorized Capital
₹110,000,000.00
Paid-up Capital
₹79,893,000.00
ROC Vijayawada
Indian
Converted to LLP
BELIEVE ENTERPRISES LTD
132/1 MAHATMA GANDHI RDNA-KOL-West Bengal-700007-India
Registration Date
04 Oct, 1982
Category
Company limited by shares
Authorized Capital
₹5,000,000.00
Paid-up Capital
₹4,900,000.00
ROC Kolkata
Indian
Converted to LLP
PREYANSHU INDUSTRIES LIMITED
NO.39,4TH FLOOR EMERALD SHOPPING CENTRE CHIRAG ALIHYDERABAD-500 001.NA-NA-Telangana-000000-India
Registration Date
27 Jun, 1937
Category
Company limited by guarantee
Authorized Capital
₹100,000,000.00
Paid-up Capital
₹32,330,000.00
ROC Hyderabad
Indian
Converted to LLP
TUNGABHADRA INDUSTRIES LTD
108, WALKER TOWN,SECUNDERABAD-25NA-NA-Telangana-000000-India
Registration Date
01 Aug, 1946
Category
Company limited by shares
Authorized Capital
₹5,000,000.00
Paid-up Capital
₹0.00
ROC Hyderabad
Indian
Converted to LLP
I C L STEELS (HARYANA) PRIVATE LTD
H.NO. 36, SECTOR 5NA-CHANDIGARH-Chandigarh-160009-India
Registration Date
29 Jan, 1985
Category
Company limited by shares
Authorized Capital
₹500,000.00
Paid-up Capital
₹500,000.00
ROC Chandigarh
Indian
Converted to LLP
COSMO SPINNERS PRIVATE LIMITED
D-261 ANAND VIHARNA-NEW DELHI-Delhi-110092-India
Registration Date
29 Sep, 1988
Category
Company limited by shares
Authorized Capital
₹15,000,000.00
Paid-up Capital
₹14,773,100.00
ROC Delhi
Indian
Converted to LLP
CAPRICORN STEEL MILLS PVT LTD
A-32 PARIJAT APARTMENT WESTENCLAVE PITAMPURANA-DELHI-Delhi-110034-India
Registration Date
16 May, 1990
Category
Company limited by shares
Authorized Capital
₹200,000.00
Paid-up Capital
₹100,300.00
Indian
Converted to LLP
PTK TOOLING SYSTEMS PRIVATE LIMITED
B 4/52 AZAD APTTSHAUZ KHASNA-NEW DELHI-Delhi-110016-India
Registration Date
14 Jan, 1994
Category
Company limited by shares
Authorized Capital
₹500,000.00
Paid-up Capital
₹500,000.00
Indian
Converted to LLP
EAGLE MERCHANDISERS PRIVATE LIMITED
51OKHLA INDUSTRIAL ESTATE PHASE-IIINA-NEW DELHI-Delhi-110020-India
Registration Date
05 Sep, 2000
Category
Company limited by shares
Authorized Capital
₹1,000,000.00
Paid-up Capital
₹963,400.00
ROC Delhi
Indian
Converted to LLP
KFC TRADING COMPANY PRIVATE LIMITED
HOUSE NO. 195, GROUND FLOOR, SAINIK VIHAR, PITAMPURA, NEW DELHINA-DELHI-Delhi-110034-India
Registration Date
01 Dec, 2000
Category
Company limited by shares
Authorized Capital
₹500,000.00
Paid-up Capital
₹200,000.00
ROC Delhi
Indian
Converted to LLP
STIC STONE INSPECTION & CONSULTANTS PRIVATE LIMITED
2ND FLOOR, M - 61,M BLOCK MARKET GREATER KAILASH PART - 2NA-NEW DELHI-Delhi-110048-India
Registration Date
09 Mar, 2001
Category
Company limited by shares
Authorized Capital
₹500,000.00
Paid-up Capital
₹100,000.00
Indian
Converted to LLP
UMESH INDUSTRIAL ENTERPRISES PVT LTD
Hadbast No. 138, Near Gurind Glass Mouza Johron, Kala Amb,NA-Tehsil Nahan-Himachal Pradesh-173030-India
Registration Date
07 Jan, 1984
Category
Company limited by shares
Authorized Capital
₹2,400,000.00
Paid-up Capital
₹1,400,000.00
Indian
Converted to LLP
RANGI MAL JAIN AND CO. PRIVATE LIMITED
H.NO 1107 , SECTOR 46NA-GURGAON-Haryana-122002-India
Registration Date
05 Mar, 1993
Category
Company limited by shares
Authorized Capital
₹3,000,000.00
Paid-up Capital
₹2,163,500.00
Indian
Converted to LLP
WAVE TRADMART PRIVATE LIMITED
R-89, GROUND FLOOR GREATER KAILASH - INA-NEW DELHI-Delhi-110048-India
Registration Date
22 Sep, 2005
Category
Company limited by shares
Authorized Capital
₹1,000,000.00
Paid-up Capital
₹950,000.00
Indian
Converted to LLP
S L P COLD STORAGE PRIVATE LIMITED
104,3RD MAIN,3RD CROSSYESHWANTHPUR INDL.SUBURB II STAGE,BANGALORENA-II STAGE,BANGALORE-Karnataka-560022-India
Registration Date
17 Jul, 1997
Category
Company limited by shares
Authorized Capital
₹5,000,000.00
Paid-up Capital
₹5,000,000.00
Indian
Converted to LLP
SUN COMTECH PRIVATE LIMITED.
313, N.P. CENTRE NEW DAK BUNGLOW ROADNA-PATNA-Bihar-800001-India
Registration Date
14 Aug, 1996
Category
Company limited by shares
Authorized Capital
₹1,000,000.00
Paid-up Capital
₹788,000.00
Indian
Converted to LLP
LOTUS VENTURES PRIVATE LIMITED
409, LAXMI PLAZA, LAXMI INDUSTRIAL ESTATE NEW LINK ROAD, ANDHERI (WEST)NA-MUMBAI-Maharashtra-400053-India
Registration Date
31 Jul, 1997
Category
Company limited by shares
Authorized Capital
₹20,000,000.00
Paid-up Capital
₹8,712,000.00
ROC Mumbai
Indian
Key Differences Between an LLP and a Traditional Company
- 1. Ownership and Management: LLPs typically offer partners a more direct role in management, while companies have a board of directors.
- 2. Liability Protection: Both structures offer limited liability, but LLPs emphasize partner protection over shareholder risk.
- 3. Compliance Requirements: LLPs often face simpler regulatory requirements than companies, reducing administrative costs.
Advantages of Operating as an LLP
Enhanced Flexibility
LLPs offer operational flexibility, allowing partners to manage business activities directly and make swift decisions.
Limited Liability
Partners' liability is limited to their contributions, offering protection for personal assets.
Tax Efficiency
LLPs often provide more favorable tax treatments than traditional corporations.
Simplified Compliance
LLPs typically have fewer compliance requirements, lowering operational burdens and costs.
Potential Drawbacks of LLP Conversion
Although LLPs offer several advantages, there are potential limitations:
- Restricted Funding Options: LLPs may find it harder to raise capital compared to companies.
- Limited Brand Perception: LLPs are sometimes seen as smaller or less formal structures than companies.
- Potential Partner Liability: While liability is limited, partners could still face reputational risk.
Conclusion
Conversion to an LLP provides companies with flexibility, limited liability, and potential tax benefits. By understanding these advantages, businesses can decide if the LLP structure aligns with their long-term goals.
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