Converting a business name to a private company is a strategic move that can provide legal and financial benefits. This guide outlines the essential steps to complete the process efficiently, ensuring compliance with regulatory requirements and a smooth transition.
Log in to the company maintenance portal and navigate to the application dropdown menu. Select the ‘Cessation to Convert’ option to initiate the process.
On the cessation form, choose the business type you wish to convert to, such as a private company, partnership, or limited company. Save your selection and proceed to the next step.
Prepare and upload the signed DN-6 form, which is a mandatory document for the conversion process. Save and continue after uploading the form.
Carefully review all the details provided in the application to ensure accuracy. Once confirmed, proceed to make the required payment for the application.
After the cessation application is approved, you will receive an option to start the conversion process. Fill in the details of the new company type, submit the application, and make the necessary payment to complete the process.