🔔 Enhancing Legal Continuity in Entity Conversions
ICSI has urged the MCA to revamp the format of the Certificate of Incorporation issued under Section 366 of the Companies Act, 2013, for conversions (e.g., LLP → Company).
Key Highlights:
• Preserve Corporate Legacy – Current certificates omit any reference to the entity’s former identity, eroding historical continuity and stakeholder trust
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• Clarity & Traceability – Including the pre-conversion name/type (LLP, partnership, etc.) will ensure seamless legal and business traceability.
• Strengthening Governance – A transparent certificate format aligns with the spirit of robust corporate governance and mitigates potential compliance ambiguities.
This simple yet powerful modification will reinforce credibility, safeguard stakeholder interests, and uphold the integrity of India’s corporate regulatory framework.
For seamless entity conversions and fortified governance, partner with FlexBiz Advisory LLP — your strategic ally in corporate transformations.