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of <h1>Convert Unlisted Public Company to LLP: Fourth Schedule of LLP Act, 2008 Details Process and Compliance Requirements</h1> The Fourth Schedule of the Limited Liability Partnership Act, 2008 outlines the process for converting an unlisted public company into a limited liability partnership (LLP). Eligibility for conversion requires no existing security interests in the company's assets and that all shareholders become partners. The conversion involves transferring all company assets, rights, and obligations to the LLP, which is then registered by the Registrar. Existing contracts, proceedings, and employment continue under the LLP. The LLP must notify relevant authorities and include conversion details in correspondence for a year. Non-compliance results in fines. Appeals against registration refusal can be made to the Tribunal.
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