Many new provisions of Companies Act have been incorporated since 1 April 2014. The new Act has many new provisions which involves lot of Compliance for both Private limited as well as public limited companies. Many restrictions been in force with respect to related party transactions.
In order to skip the legal cost and compliance one can now opt for converting there Private limited company to LLP. There are certain conditions which needs to be taken care while converting pvt to LLP.
For more details relating to converting to LLP you can contact me at ronakkadri@ncmp.com
