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of <h1>Unlisted Public Company to LLP Conversion: Process, Requirements, and Compliance Under Fourth Schedule of LLP Bill 2008.</h1> The Fourth Schedule of the Limited Liability Partnership Bill, 2008 outlines the process for converting an unlisted public company into a limited liability partnership (LLP). The conversion involves transferring all assets, rights, and obligations from the company to the LLP. Eligibility for conversion requires no existing security interests and that all shareholders become partners in the LLP. The company must file specific documents with the Registrar, who may issue a certificate of registration. Post-conversion, the LLP assumes all legal proceedings, agreements, and employment contracts of the company, which is then dissolved. The LLP must notify authorities of the conversion and include conversion details in correspondence for twelve months. Non-compliance may result in fines.
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