What is the procedure for conversion a partnership firm into a company?

Preparation of DSC and DIN of all proposed Directors Preparation and Filing of name application through web form RUN through MCA portal. Preparation and filing of Eform URC 1, Eform spice, Eform Spice MOA &Eform Spice AOA Appropriate Government fees is payable depending upon the authorized capital of the company. Issuance of Certificate of incorporation along with PAN and TAN.  

What are some key/ basic documents required for conversion of a partnership firm into a company?

Particulars of members along with the proposed shareholding ratio Declaration of two or more directors verifying the particulars of all members Affidavit from all the partners for dissolution of the firm Copy of the Partnership Deed Copy of Newspaper advertisement in prescribed format Relevant certificationfrom a CA/CS/CWA; etc. Consent of majority of members No objection certificate from the concerned Registrar of Firms Statement of accounts of the existing entity, prepared not later than 15 days preceding the date of application duly certified by auditor Undertaking by the proposed directors for compliance with requirements of Indian Stamp Act, 1899 A copy...

What are some key benefits/ reasons for conversion of a partnership firm into a company?

Investors prefer corporate structures over partnership firms. The liability of the members or the directors are limited in case of a company whereas in case of partnership firm the liabilities are unlimited A company is more transparent structure of business as compared to partnership firm The benefit of startup recognition under the startup India scheme of the government of India can be availed by a company and not by any partnership firm. The company has a separate legal identity as compared to a partnership firm. There is a separation of ownership and management in a company, whereas in partnership firm,...