Tax-Neutral Conversion Under Section 55 of LLP Act, 2008 - Get Expert Assistance
Convert Partnership Firm to LLP in Gangtok
Transform Your Partnership Firm into an LLP in 15 to 20 Working Days Starting at Just ₹4,999
Listed amount is IncorpX professional charge for assistance with conversion filing. Government fees and stamp duty are charged separately at actuals.
Limited Liability. Capital Gains Exemption Under Section 47(xiiib). All Assets and Contracts Transfer. Expert Filing.
DPIN for All Designated Partners
LLP Name Reservation via RUN-LLP
Form 17 and Form 2 Filing
LLP Agreement Drafting (Form 3)
Certificate of Registration
PAN and TAN Application
GST Migration Assistance
Post-Conversion Compliance Support
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Ready to Convert Your Partnership Firm to LLP in Gangtok?
Get limited liability protection with capital gains exemption under Section 47(xiiib). Complete Form 17 filing from ₹4,999. Processed in 15 to 20 working days.
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Convert Your Partnership Firm to LLP
End-to-end professional assistance with partnership to LLP conversion under Section 55 of the LLP Act, 2008. Clear next-step guidance is shared after review.
Pricing
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MOST POPULAR
Partnership to LLP Conversion Package in Gangtok 2026
From ₹4,999 IncorpX professional fee for assistance
Timeline depends on the application type and authority review
Application support Regulatory guidance
DPIN for All Designated Partners
DSC (Class 3) Assistance
LLP Name Reservation via RUN-LLP
Form 17 Filing (Conversion Application)
Form 2 Filing (Incorporation Document)
LLP Agreement Drafting and Filing (Form 3)
Certificate of Registration
PAN and TAN Application for LLP
GST Migration from Firm to LLP
Post-Conversion Compliance Guide
*Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
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Partnership firm to LLP conversion is the legal process of transforming an existing partnership firm into a Limited Liability Partnership under Section 55 of the LLP Act, 2008, granting partners limited liability while preserving all business assets and contracts.
The conversion is governed by Sections 55 to 58 and the Second Schedule of the LLP Act, 2008. When a partnership firm in Gangtok converts to LLP, all property, assets, interests, rights, privileges, liabilities, and obligations of the firm automatically vest in the new LLP under Section 56. Both registered and unregistered partnership firms in India qualify for this conversion, provided all partners consent and the required forms are filed with the MCA. The process involves filing Form 17 (Application for Conversion) and Form 2 (Incorporation Document) on the MCA portal. Total processing time is 15 to 20 working days. The Registrar of Companies, India handles all electronic filings for partnership firms with a registered office in Gangtok.
Governing Law: LLP Act, 2008 (Section 55-58, Second Schedule) | Regulator: Ministry of Corporate Affairs (mca.gov.in) | Key Forms: Form 17, Form 2, Form 3 | Rules: LLP Rules 2009 (Rule 37-42)
Key Takeaways: Partnership to LLP conversion in Gangtok requires minimum 2 designated partners (1 Indian resident). Processing takes 15 to 20 working days. Total cost: ₹8,000 to ₹15,000 (varies by India stamp duty and contribution amount). IncorpX professional fee for assistance: ₹4,999 (government fees charged separately). Capital gains tax exemption available under Section 47(xiiib).
Data Sources: MCA portal (mca.gov.in), Income Tax Act 1961 (as amended by Finance Act 2026), LLP Act 2008, India stamp duty schedule | Methodology: Fee data verified against MCA fee schedule effective April 2026. Processing timelines based on 850+ conversion filings handled by IncorpX between 2020 and 2026. India stamp duty rates sourced from the state government e-stamping portal.
Parameter
Value
Governing Law
LLP Act, 2008 (Section 55-58)
Regulator
MCA / RoC India
Processing Time
15 to 20 Working Days
Government Fee
₹1,800 to ₹7,000 (varies by contribution)
Stamp Duty (India)
₹500 to ₹5,000 (as per India Stamp Act)
Professional Fee (IncorpX)
Starting ₹4,999
Key Forms
Form 17, Form 2, Form 3
Eligibility
Registered and unregistered firms
Benefits of Converting Partnership Firm to LLP
Converting a partnership firm to LLP provides concrete legal, financial, and operational advantages. Here are 8 specific benefits backed by the LLP Act, 2008 and the Income Tax Act, 1961. For ongoing LLP obligations, see our LLP annual compliance guide.
Limited Liability Protection
Partners' personal assets are protected from business debts. Liability is limited to the agreed contribution amount under the LLP Act.
Separate Legal Entity
The LLP can own property, enter contracts, and sue or be sued in its own name. The firm's identity transfers under Section 56.
Tax Benefits Retained
Capital gains exemption under Section 47(xiiib) of the Income Tax Act. No additional tax burden on conversion if conditions met.
Flexible Management
No mandatory board meetings or complex governance. Partners manage the LLP with flexibility defined in the LLP Agreement.
Business Continuity
All assets, liabilities, contracts, and legal proceedings transfer automatically under Section 56. Zero disruption to operations.
No Minimum Capital
LLPs have no minimum capital requirement. Partners can start with any contribution amount they agree upon.
Enhanced Credibility
LLP status improves credibility with banks, vendors, and clients. MCA-registered entity with LLPIN on all documents.
Lower Compliance Burden
Fewer annual filings compared to Private Limited Companies. Only Form 8 and Form 11 required annually.
Eligibility for Partnership to LLP Conversion
Both registered and unregistered partnership firms can convert to LLP under Section 55 of the LLP Act, 2008. The Second Schedule prescribes these eligibility requirements.
Minimum Partners
2 (no upper limit for LLP)
Partner Consent
All partners must agree to conversion (Second Schedule)
Firm Type
Registered or unregistered under Indian Partnership Act, 1932
Designated Partners
Minimum 2; at least 1 must be Indian resident
DPIN
Required for all designated partners (₹500 each via DIR-3)
Not allowed; must settle minor's interest before conversion
Creditor NOC
Required from all secured creditors before filing Form 17
Warning: All partners must consent to the conversion. Even one dissenting partner can block the process under the Second Schedule of the LLP Act, 2008.
Documents Required for Partnership to LLP Conversion
Prepare these documents before initiating the conversion. The certified statement of assets and liabilities must not be older than 30 days from the Form 17 filing date.
For All Partners
PAN CardSelf-attested copy of all partners
Address ProofAadhaar card, passport, or voter ID
Passport-Size PhotographsRecent photographs of all partners
DSC for Designated PartnersClass 3 DSC; ₹1,500 to ₹2,000 per DSC
DPIN AcknowledgmentDPIN via DIR-3; ₹500 per partner
For Partnership Firm
Partnership DeedOriginal or certified copy signed by all partners
Certified Statement of Assets and LiabilitiesNot older than 30 days from filing date
NOC from Secured CreditorsIf applicable
Written Consent of All PartnersForm 3 consent document
PAN Card of Partnership FirmSelf-attested copy
GST Registration CertificateIf applicable; needed for GST migration
For Registered Office in Gangtok
Proof of Registered OfficeUtility bill (not older than 2 months) plus ownership proof or rent agreement
NOC from Property OwnerIf office is rented in Gangtok
Partnership to LLP Conversion Cost in Gangtok (2026)
Cost breakdown for partnership to LLP conversion in Gangtok, India. Total for a 2-partner firm: ₹8,000 to ₹15,000. Stamp duty follows the India Stamp Act schedule.
Component
Amount (₹)
Notes
Form 17 (Conversion Application)
₹50 to ₹5,000
Based on LLP contribution amount
Form 2 (Incorporation Document)
₹500
Standard filing fee
Form 3 (LLP Agreement)
₹50
Filed within 30 days
RUN-LLP (Name Reservation)
₹200
Valid for 90 days
DPIN (DIR-3)
₹500/partner
Per designated partner
DSC (Class 3)
₹1,500 to ₹2,000/partner
Valid 2 years
Stamp Duty (India)
₹500 to ₹5,000
As per India Stamp Act
IncorpX Professional Fee
Starting ₹4,999
For end-to-end assistance
Total (2 partners)
₹8,000 to ₹15,000
State and contribution dependent
State-Wise Stamp Duty on LLP Agreement
For Gangtok, the India rates apply:
State
Stamp Duty (₹)
Delhi
₹1,000 to ₹1,500
Maharashtra
₹1,000 to ₹5,000
Karnataka
₹500 to ₹1,000
Tamil Nadu
₹500 to ₹1,000
Gujarat
₹500 to ₹1,000
West Bengal
₹1,000 to ₹2,000
Rajasthan
₹500 to ₹1,000
Uttar Pradesh
₹500 to ₹1,000
Telangana
₹500 to ₹1,000
Pricing Note: Listed amounts are IncorpX professional charges for end-to-end assistance with partnership to LLP conversion filing. Government fees and India stamp duty are charged separately at actuals. DSC cost is waived if partners already hold a valid Class 3 DSC.
Step-by-Step Process to Convert Partnership Firm to LLP
The conversion involves 8 steps, takes 15 to 20 working days, and costs ₹4,999 onwards. All filings are online via the MCA portal. Designated partners need a valid digital signature certificate (DSC) before filing.
Step 1: Obtain DPIN and DSC for All Designated Partners
Apply for DPIN via DIR-3 (₹500/partner). Obtain Class 3 DSC (₹1,500 to ₹2,000 each). Minimum 2 designated partners, at least 1 Indian resident.
Time: 3 to 5 working days
Step 2: Reserve LLP Name via RUN-LLP
File RUN-LLP on MCA portal (₹200). Name valid for 90 days.
Time: 2 to 3 working days
Step 3: Obtain Consent of All Partners
Written consent from every partner (Second Schedule requirement). Prepare Form 3.
Time: 1 to 2 working days
Step 4: Prepare Statement of Assets and Liabilities
certified, not older than 30 days from Form 17 filing date. Obtain creditor NOCs.
Time: 3 to 5 working days
Step 5: File Form 17 (Application for Conversion)
Primary conversion application under Section 55. Fee: ₹50 to ₹5,000.
Step 6: File Form 2 (Incorporation Document)
Filed along with Form 17. Fee: ₹500. Professional certification required.
Step 7: Receive Certificate of Registration as LLP
Registrar of Companies, India issues the certificate. Firm dissolved on certificate date.
Time: 10 to 15 working days
Step 8: Complete Post-Conversion Formalities
File Form 3 (30 days), notify Registrar of Firms (15 days), apply for PAN/TAN, migrate GST, display "Converted from [firm name]" for 12 months.
Common Mistake: Filing Form 17 with a statement of assets and liabilities older than 30 days is the most common rejection reason.
Common Mistakes to Avoid During Partnership to LLP Conversion
Based on our experience handling 850+ conversions, these are the 5 most frequent errors that delay or derail the partnership to LLP conversion process in Gangtok.
Mistake 1: Filing an Outdated Statement of Assets and Liabilities
The certified statement of assets and liabilities must not be older than 30 days from the Form 17 filing date. This is the single most common rejection reason, affecting 18% to 25% of applications. IncorpX coordinates professional certification within 5 working days of your planned filing date.
Mistake 2: Not Obtaining Consent from All Partners
Under the Second Schedule of the LLP Act, 2008, every partner must consent to the conversion. Even one dissenting partner blocks the entire process. Secure written consent (Form 3) from all partners before initiating any MCA filings.
If the partnership firm has any outstanding secured loans, a No Objection Certificate (NOC) from each secured creditor is mandatory before filing Form 17. Missing this causes form rejection and restarts the timeline.
Mistake 4: Not Applying for DPIN Before Filing
DPIN (Designated Partner Identification Number) must be obtained before filing Form 17. Each designated partner needs a DPIN via DIR-3 (₹500/partner). Filing Form 17 without valid DPINs results in automatic rejection.
Mistake 5: Missing Post-Conversion Deadlines
After receiving the Certificate of Registration, you must file Form 3 within 30 days and notify the Registrar of Firms within 15 days under Section 57. Missing the Section 57 deadline attracts a penalty of up to ₹5 lakh on the LLP and ₹1 lakh on each partner.
Pro Tip: IncorpX maintains a compliance calendar for every conversion client in Gangtok. We send deadline reminders for Form 3 filing, Registrar of Firms notification, PAN application, and GST migration, so you never miss a deadline.
Tax Implications of Partnership to LLP Conversion
Capital gains tax exemption under Section 47(xiiib) of the Income Tax Act, 1961 treats the transfer of assets as a non-taxable event, subject to conditions. Consult our business tax filing service if your firm exceeds the turnover or asset thresholds.
Condition
Requirement
Period
Turnover Limit
Must not exceed ₹60 lakhs
At conversion
Asset Value
Must not exceed ₹5 crore
At conversion
Profit-Sharing
Same ratio as partnership firm
5 years
Asset Transfer
At book value only
At conversion
Accumulated Profits
No distribution to partners
3 years
Warning: If turnover exceeds ₹60 lakhs or assets exceed ₹5 crore, the Section 47(xiiib) exemption will NOT apply.
Post-Conversion Compliance Requirements
After conversion, the LLP must comply with annual filing requirements under the LLP Act, 2008. IncorpX offers LLP annual compliance packages starting at ₹4,999 to keep your converted LLP compliant. File your LLP income tax return on time to avoid penalties.
Compliance
Deadline
Form
Penalty
File LLP Agreement
Within 30 days
Form 3
₹100/day
Notify Registrar of Firms
Within 15 days
Section 57
₹5 lakh on LLP
Apply for New PAN/TAN
Within 30 days
Form 49A
Delays compliance
Migrate GST
Within 15 days
GST REG-14
Default risk
Annual Return
By 30 May
Form 11
₹100/day
Statement of Account
By 30 October
Form 8
₹100/day
Income Tax Return
31 Jul / 31 Oct
ITR-5
₹10,000
Deadline Alert: Missing the 15-day deadline to notify the Registrar of Firms under Section 57 attracts a penalty of up to ₹5 lakh on the LLP and ₹1 lakh on each partner.
Partnership Firm vs LLP: Key Differences
Parameter
Partnership Firm
LLP
Governing Law
Indian Partnership Act, 1932
LLP Act, 2008
Legal Status
Not a separate legal entity
Separate legal entity
Liability
Unlimited
Limited to contribution
Max Partners
50
No limit
Registration
Optional
Mandatory (MCA)
Annual Filing
None
Form 8, Form 11
Perpetual Succession
No
Yes
Property Ownership
Cannot hold in firm name
Can hold in LLP name
Comparison Tip: If you plan to raise equity funding in the future, consider converting your partnership firm to a Private Limited Company instead. LLPs cannot issue shares or ESOPs. For firms that want flexibility without fundraising, LLP remains the better choice.
Our Service Guarantee for Partnership to LLP Conversion
IncorpX provides transparent, accountable assistance for partnership to LLP conversion in Gangtok. Our commitment includes:
100% Money-Back Guarantee
If the Registrar of Companies rejects your conversion application due to an error on our part, IncorpX refunds the full professional fee of ₹4,999. Government fees and stamp duty are non-refundable as they are paid directly to the MCA and India government.
Regulatory Updates
This page is reviewed quarterly by our team of tax experts and Compliance Professionals. The last review was June 2026. Any MCA notifications, fee changes, or India stamp duty revisions are reflected within 7 working days of official publication.
Other Business Services in Gangtok
IncorpX provides assistance for business registration and compliance in Gangtok, India:
Frequently Asked Questions About Partnership to LLP Conversion in Gangtok
Below are 32 questions covering the complete partnership to LLP conversion process, costs, eligibility, tax implications, and Gangtok-specific requirements including India stamp duty, RoC jurisdiction, and state-level compliance.
Partnership firm to LLP conversion is a legal process under Section 55 of the LLP Act, 2008 that transforms an existing partnership firm into a Limited Liability Partnership. All assets, liabilities, contracts, and legal proceedings transfer to the LLP under Section 56. Partners gain limited liability protection while the business continues without interruption.
Section 55 of the LLP Act, 2008 governs the conversion of partnership firms into LLPs. It requires filing Form 17 (Application for Conversion) and Form 2 (Incorporation Document) with the Registrar. The procedure follows the Second Schedule of the LLP Act. Both registered and unregistered firms can apply for conversion under this section.
Form 17 is the Application and Statement for Conversion filed with the MCA under Section 55 of the LLP Act. It contains details of the partnership firm, all partners, assets, and liabilities. Government fee ranges from ₹50 to ₹5,000 based on the LLP contribution amount. A professional must certify the form.
Under Section 56 of the LLP Act, the partnership firm is dissolved on the date mentioned in the Certificate of Registration. All property, assets, interests, rights, and privileges vest in the LLP. Existing liabilities, obligations, and pending legal proceedings continue against the LLP. Partners must display "Converted from [firm name]" for 12 months.
DPIN (Designated Partner Identification Number) is a unique identification number mandatory for all designated partners of an LLP. Apply via DIR-3 form on the MCA portal at ₹500 per partner. Minimum 2 designated partners required, with at least one being an Indian resident. DPIN must be obtained before filing Form 17.
Section 47(xiiib) provides that the transfer of capital assets from a partnership firm to an LLP during conversion is not treated as a transfer for capital gains purposes. This exemption requires: turnover not exceeding ₹60 lakhs, assets not exceeding ₹5 crore, same profit-sharing ratio maintained for 5 years, and no consideration paid to partners from accumulated profits for 3 years.
Yes, both registered and unregistered partnership firms can convert to LLP under Section 55 of the LLP Act, 2008. The Second Schedule does not mandate prior registration under the Indian Partnership Act, 1932. However, the firm must have a valid partnership deed and all partners must consent to the conversion by signing Form 3.
Under Section 56 of the LLP Act, all existing contracts, agreements, and arrangements of the partnership firm continue in force against the converted LLP. No separate assignment or novation is required. Counterparties must be intimated of the conversion, and the LLP assumes all contractual obligations from the date of the certificate.
The partnership firm's PAN becomes invalid after conversion. The converted LLP must apply for a new PAN in the LLP's name using Form 49A within 30 days. The old PAN should be surrendered to the Income Tax Department. Update the new PAN across all bank accounts, GST registration, and TDS returns immediately.
The LLP Agreement defines the rights, duties, and profit-sharing ratio among partners. It replaces the partnership deed after conversion. File the LLP Agreement via Form 3 with the MCA within 30 days of the date of incorporation. Government fee is ₹50. Stamp duty on the LLP Agreement varies by state, ranging from ₹500 to ₹5,000.
Required documents include: partnership deed (original or certified copy), PAN cards and address proof of all partners, proof of registered office with utility bill, certified statement of assets and liabilities (not older than 30 days), NOC from secured creditors, consent of all partners (Form 3), and passport-size photographs. Designated partners also need DSC and DPIN.
Yes, all partners must consent to the conversion under the Second Schedule of the LLP Act, 2008. Written consent is submitted via Form 3 with the MCA. Even a single dissenting partner can block the entire conversion process. All partners of the firm must become partners of the LLP with the same capital contribution and profit-sharing ratio.
The existing GST registration migrates from the partnership firm to the LLP. File an amendment application on the GST portal within 15 days of receiving the Certificate of Registration. Update the legal name, PAN, and entity type from "Partnership" to "LLP." No new registration is needed; the existing GSTIN remains the same after migration.
Yes, but you must obtain a No Objection Certificate (NOC) from all secured creditors before filing Form 17. Under Section 56, all liabilities of the firm transfer to the LLP. Unsecured creditors must be intimated of the conversion. Loan terms, repayment schedules, and security interests continue unchanged against the converted LLP.
Post-conversion obligations include: filing Form 3 (LLP Agreement) within 30 days, notifying the Registrar of Firms within 15 days under Section 57, applying for new PAN and TAN, migrating GST registration, updating bank accounts and licences, displaying "Converted from [firm name]" for 12 months, and filing annual returns (Form 8 and Form 11).
Total cost ranges from ₹8,000 to ₹15,000 for a 2-partner firm. Government fees include Form 17 (₹50 to ₹5,000), Form 2 (₹500), RUN-LLP (₹200), DPIN (₹500/partner), and Form 3 (₹50). DSC costs ₹1,500 to ₹2,000 per partner. Stamp duty on LLP Agreement varies from ₹500 to ₹5,000 by state. Professional fees start at ₹4,999.
Government fees include: Form 17 filing: ₹50 to ₹5,000 (based on LLP contribution amount), Form 2 filing: ₹500, Form 3 filing: ₹50, Form 4: ₹50 per partner, RUN-LLP name reservation: ₹200, and DPIN: ₹500 per designated partner. Total government fees for a 2-partner firm with low contribution amount total between ₹1,800 and ₹7,000.
No, capital gains tax is exempt under Section 47(xiiib) of the Income Tax Act, provided all conditions are met: firm's turnover not exceeding ₹60 lakhs, book value of assets not exceeding ₹5 crore, all partners become LLP partners with the same profit-sharing ratio for 5 years, no consideration paid from accumulated profits for 3 years. If conditions are violated, capital gains become taxable retroactively.
Annual LLP compliance costs include: Form 8 (Statement of Account and Solvency) filing fee ₹50, Form 11 (Annual Return) filing fee ₹50 to ₹200, income tax return filing, and professional expert fees. Total annual compliance cost ranges from ₹5,000 to ₹15,000 depending on LLP turnover and whether audit is required (mandatory if turnover exceeds ₹40 lakhs or contribution exceeds ₹25 lakhs).
A partnership firm has unlimited liability for all partners under the Indian Partnership Act, 1932, while an LLP provides limited liability to partners under the LLP Act, 2008. An LLP is a separate legal entity that can own property and sue in its own name. LLPs require annual MCA filing (Form 8, Form 11), while partnership firms have no mandatory annual filing.
Conversion under Section 55 preserves the existing business with all assets, liabilities, and contracts transferring automatically (Section 56). Fresh LLP registration creates a new entity requiring asset transfer, new contracts, and capital gains tax liability. Conversion costs ₹8,000 to ₹15,000 vs fresh registration at ₹6,000 to ₹10,000, but conversion avoids disruption and tax outflow.
Choose LLP if you want flexibility with no minimum capital, fewer compliance requirements, and lower costs. Choose Private Limited if you plan to raise equity funding, need more than 200 members, or want ESOP options. LLP conversion costs ₹8,000 to ₹15,000 vs Pvt Ltd conversion at ₹15,000 to ₹30,000. LLP has no mandatory audit below ₹40 lakh turnover.
Yes, all or select partners can become designated partners of the converted LLP. Minimum 2 designated partners are required, and at least one must be an Indian resident. Designated partners are responsible for regulatory compliance, filing forms, and legal obligations. Non-designated partners continue as regular LLP partners with limited liability protection.
The partnership deed is superseded by the LLP Agreement after conversion. File the LLP Agreement via Form 3 within 30 days of incorporation. The LLP Agreement covers profit-sharing ratio, capital contribution, rights and duties of partners, dispute resolution, and admission/retirement of partners. Key clauses from the partnership deed should be carried forward into the new agreement.
To convert a partnership firm to LLP in Gangtok, file Form 17 and Form 2 with the Registrar of Companies (RoC) having jurisdiction over Gangtok, India. The entire process is online via the MCA portal (mca.gov.in) and takes 15 to 20 working days. The registered office address for the LLP must be in Gangtok with valid proof such as a rent agreement, utility bill (not older than 2 months), and NOC from the property owner. IncorpX provides end-to-end assistance for partnership to LLP conversion in Gangtok, starting at ₹4,999.
Partnership to LLP conversion in Gangtok costs ₹8,000 to ₹15,000 for a 2-partner firm. This includes government fees (₹1,800 to ₹7,000), DSC (₹1,500 to ₹2,000 per partner), stamp duty on LLP Agreement as per the India Stamp Act schedule, and IncorpX professional fees for assistance starting at ₹4,999. In India, stamp duty on the LLP Agreement typically ranges from ₹500 to ₹5,000 depending on the LLP contribution amount. Government fees and stamp duty are charged at actuals with no hidden charges.
Partnership to LLP conversion in Gangtok is handled by the Registrar of Companies (RoC), India. All forms (Form 17, Form 2, Form 3) are filed electronically via the MCA portal (www.mca.gov.in), so physical visits to the RoC office are not required. The LLPIN issued to the converted LLP will contain the state code for India. IncorpX assists with complete filing for Gangtok businesses.
Stamp duty on the LLP Agreement in India is charged as per the India Stamp Act schedule. Stamp duty is paid on non-judicial stamp paper or via e-stamping and depends on the LLP contribution amount. Common state-wise rates include: Delhi ₹1,000 to ₹1,500, Maharashtra ₹1,000 to ₹5,000, Karnataka ₹500 to ₹1,000, Tamil Nadu ₹500 to ₹1,000, Gujarat ₹500 to ₹1,000, West Bengal ₹1,000 to ₹2,000, Uttar Pradesh ₹500 to ₹1,000, Rajasthan ₹500 to ₹1,000. IncorpX assists with state-specific stamp duty compliance for Gangtok clients.
Partnership to LLP conversion in Gangtok takes 15 to 20 working days from the date of filing Form 17. Name reservation via RUN-LLP takes 2 to 3 days, DPIN and DSC procurement takes 3 to 5 days, and the Registrar of Companies, India processes Forms 17 and 2 within 10 to 15 days. Post-conversion formalities (PAN application, GST migration via the India GST portal, Form 3 filing, and notification to the Registrar of Firms) take an additional 15 to 30 days.
Professional Tax applicability varies by state. In India, the converted LLP that employs staff or pays remuneration to designated partners must register under the India Professional Tax Act and deduct Professional Tax from salaries as per state-prescribed slabs. The maximum Professional Tax payable is capped at ₹2,500 per person per year under Article 276 of the Constitution. Update the LLP's PAN and entity name in the India Professional Tax records within 30 days of receiving the Certificate of Registration.
In addition to central MCA compliance (Form 8, Form 11), a converted LLP in India must comply with:
India Shops and Establishments Act: Register the LLP establishment and renew the licence annually.
India Professional Tax: Deduct and remit PT from partner/employee remuneration as per state slabs.
India State GST: File state GST returns after migrating GST registration from the partnership firm to the LLP.
Registrar of Firms Notification: Notify the India Registrar of Firms within 15 days of conversion under Section 57 of the LLP Act.
IncorpX's professional fee for assistance with partnership to LLP conversion in Gangtok starts at ₹4,999. This covers DPIN application, DSC assistance, RUN-LLP name reservation, Form 17 and Form 2 drafting and filing, LLP Agreement preparation, Form 3 filing, and post-conversion support including PAN application, GST migration, and notification to the India Registrar of Firms. Government fees and India stamp duty are charged separately at actuals. No hidden charges.
The team was very responsive and helpful. I received daily updates from the WhatsApp group, and their guidance made everything much simpler to comprehend. If you want a simple and hassle-free way to launch your business, I would highly recommend them!
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Simon Job
4.9/5
I recently used IncorpX to register my limited liability partnership, and I had an amazing experience! There were no hidden fees, and the team was helpful, quick to respond, and open. They provided thorough explanations of each step, and their services are reasonably priced without sacrificing quality. The entire process was made simple by IncorpX's professionalism, attention to detail, and sincere support. Strongly advised!
J
Jay R
4.8/5
The experience was flawless; the team completed each task with care and always responded quickly. Throughout the process, I never felt stuck. We would especially like to thank Saksham and Sriram for making everything run so smoothly! The IncorpX team offers extremely competitive pricing; anyone just starting out should definitely get in touch with them.
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Mohammed Affan
4.9/5
I'm really grateful to the wonderful team at IncorpX for helping bring my co-founder's and my dream to life. The whole process was super smooth - fast service, great support, and no hassles at all. I'd highly recommend IncorpX to any new entrepreneur or founder looking to register their company. Excited to continue working with them in the long run. Thank you, IncorpX!
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Riyom Taipodia
4.6/5
One of the best agency I have ever experienced. Team members are very friendly as if we know each other from before and came communicate and share easily. My work has been done in a very short period and I am so happy. Thank you so much.
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Ayyappa Swamy
5/5
Highly recommend... IncorpX services regarding incorporation of our company and roc filing and all are very impressive.. the team IncorpX is polite and friendly. Our Lands Time pvt ltd has incorporated through IncorpX... And thanks to IncorpX team..
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Ramesh Babu
4.9/5
Trouble free service, Rendering good co-operation for company incorporation. Trust worthy team to have better knowledge.
P
Pravesh Kudesia
5/5
IncorpX is providing best service... And user experience! Thank You IncorpX Team
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Balaji Gutte
4.9/5
I recently got my Private Limited Company incorporated through IncorpX, and the experience was seamless! The team was professional, supportive, and quick to respond throughout the process. Highly recommend IncorpX for a smooth and stress-free company registration experience.
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Dia
5/5
I'd been planning to register my Private Limited Company for months but didn't know where to start - until I found IncorpX. The team guided me step by step, explained everything clearly, and completed the registration smoothly within the promised timeline. Their pricing was transparent with no hidden charges. Highly recommend IncorpX to anyone starting a business!
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