Switching a Partnership to a Private Limited Company Requirements

 Switching a Partnership to a Private Limited Company Requirements


  • A partnership firm must have at least 7 partners to convert to a private limited company.


  • To convert to a private limited company it should have a minimum share capital of Rs. 1 lakh.


  • The partnership deed has to be changed if it does not fulfill the above criteria.


  • It must have at least 2 minimum Directors for converting to a private limited company.


  • Partners can become the Directors as well as the shareholders.


  • All the Directors must have the Director Identification Number.


  • It is mandatory to have the Digital Signature Certificate of the two Directors.



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