Trust conversion into limited liability partnership permitted for specified trusts under prescribed conditions and registration framework. A new provision permits a specified trust to convert into a limited liability partnership under the Chapter and the Fifth Schedule. A specified trust is a trust established under the Indian Trusts Act, 1882, or under a Central Act or State Act, registered by the Securities and Exchange Board of India or the International Financial Services Centres Authority, and carrying such activities as may be prescribed.
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.
Trust conversion into limited liability partnership permitted for specified trusts under prescribed conditions and registration framework.
A new provision permits a specified trust to convert into a limited liability partnership under the Chapter and the Fifth Schedule. A specified trust is a trust established under the Indian Trusts Act, 1882, or under a Central Act or State Act, registered by the Securities and Exchange Board of India or the International Financial Services Centres Authority, and carrying such activities as may be prescribed.
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