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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Unlimited to Limited Company Re-registration Under Section 32: Debts and Obligations Remain Unchanged.</h1> Section 32 of the Companies Act, 1956, allows an unlimited company to register as a limited company and vice versa. Upon re-registration, the Registrar will close the former registration and may waive the requirement to submit certain documents. This re-registration is treated as the initial registration under the Act. Importantly, converting an unlimited company to a limited company does not affect any pre-existing debts, liabilities, obligations, or contracts, which remain enforceable as per Part IX of the Act.
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