Conversion to limited liability partnership excludes successor LLP from specified corporate tax provisions after conversion. Amendment provides that where a private company or unlisted public company is converted into a limited liability partnership under the Limited Liability Partnership Act, 2008, the successor limited liability partnership shall not be subject to the specified corporate tax provision; the terms 'private company' and 'unlisted public company' are to be understood as defined in the Limited Liability Partnership Act, 2008.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Conversion to limited liability partnership excludes successor LLP from specified corporate tax provisions after conversion.
Amendment provides that where a private company or unlisted public company is converted into a limited liability partnership under the Limited Liability Partnership Act, 2008, the successor limited liability partnership shall not be subject to the specified corporate tax provision; the terms "private company" and "unlisted public company" are to be understood as defined in the Limited Liability Partnership Act, 2008.
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