LLP & Partnership — Guides, Updates & Practical Insights
Understand LLP & Partnership with practical, easy-to-follow guidance — from the basics through registration, returns, compliance and notices.
“OPC” in LLP & Partnership
Rules 32-33 of the Limited Liability Partnership Rules, 2009: Conversion Certificate, Appeal to the Tribunal and Intimation to the Registrar
When a firm, private company or unlisted public company converts into an LLP, the Registrar issues a Certificate of Registration under his seal in the prescribed form (rule 32(1)). If he refuses registration, the applicant may apply to the Tribunal within sixty days from the date of receipt of the...
Rules 38-40 of the Limited Liability Partnership Rules, 2009: Conversion of a Firm, a Private Company and an Unlisted Public Company into an LLP
A firm converts under the Second Schedule to the Act (rule 38), a private company under the Third Schedule (rule 39), and an unlisted public company under the Fourth Schedule (rule 40). In each case an application is made in Part A of the prescribed form with a statement of the partners (firm) or...
LLP vs OPC -- Which Is Better for Solo Entrepreneur
Complete guide to LLP vs OPC. Process, documents, penalties, latest amendments. Updated March 2026.
Section 58 of the Limited Liability Partnership Act, 2008: Registration and Effect of Conversion
The Registrar, on satisfying himself that the Schedule has been complied with, registers the documents and issues a certificate of registration stating the LLP is registered on and from the date specified in the certificate (58(1)). The LLP must inform the Registrar of Firms or Registrar of...
Sections 56–57 of the Limited Liability Partnership Act, 2008: Conversion of Private and Unlisted Public Company into LLP
A private company may convert into an LLP in accordance with Chapter X and the Third Schedule (s.56). An unlisted public company may convert in accordance with Chapter X and the Fourth Schedule (s.57). Both sections are enabling: the conditions, such as who the partners will be and the absence of...
Fourth Schedule to the Limited Liability Partnership Act, 2008: Conversion of an Unlisted Public Company into an LLP
A company may convert if it is an unlisted public company, there is no security interest in its assets subsisting or in force at the time of application, and the partners of the LLP comprise all the shareholders of the company and no one else (paras 1 and 3). All shareholders file a statement with...
Third Schedule to the Limited Liability Partnership Act, 2008: Conversion of a Private Company into an LLP
A private company may convert if and only if there is no security [interest] and the partners of the LLP comprise all the shareholders of the company and no one else (para 2(2)). All shareholders file a statement with the Registrar, with the incorporation document and statement under section 11...