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Home / FAQs Category / Conversion into LLP

Conversion into LLP

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+ Whether other business entities like firm or company would be able to convert themselves into LLP?
+ Whether LLP would be able to convert itself into company under the Companies Act, 1956?
+ What are the requirements and consequence provided in the Act in respect of licences, permits, approvals etc obtained by a firm, private company or an unlisted public company, prior to its conversion into LLP?
+ What will be treatment of reserves in case of conversion to LLP?
+ Whether any capital gain is payable on conversion of partnership into LLP?
+ Whether any capital gain is payable on conversion of Company into LLP?
+ What will be the treatment of profit & losses in LLP on conversion?
+ What are benefits of conversion of company into LLP?
+ What are benefits of conversion of partnership into LLP?
+ Whether it is necessary for all partners/members to become partner of LLP post conversion?
+ What are the basic conditions for conversion of company into LLP?
+ Whether any provision is required in the Companies Act 1956, for allowing companies to convert into LLP?
+ Whether any stamp duty is payable on conversion of company into LLP?
+ Whether do we need to execute any instrument for transferring the assets & liabilities on conversion of company into LLP?
+ Whether LLP is required to register charge with Registrar of LLP, as in case of Companies?
+ Whether MAT will be carry forwarded after conversion of Company into LLP?

FAQs Category

Activities of LLP Applicability of Limited Liability Partnership Act
Audit Compliances by LLP
Contribution by Partners Conversion into LLP
Designated Partner Identification Number Digital Signature Certificate
e-Filing Incorporation of LLP
Investigation Liability of Partner
LLP Agreement LLP Name
Merger & Winding Up Miscellaneous
Nature of Limited Liability Partnership Partners and Designated Partners
Registered Office Tax on LLP

 

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