LLP conversion registration governs vesting of assets, liabilities and dissolution of the former entity on certification. Registration of conversion into a limited liability partnership depends on compliance with the applicable Schedule and submission of the required documents. The Registrar must issue a certificate of registration, and the converted entity must notify the earlier registering authority within fifteen days. From the date of the certificate, the conversion binds the relevant persons, vests all property, rights, liabilities and undertakings in the limited liability partnership without further act or deed, and deems the former firm, company or specified trust dissolved and removed from the earlier records.
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.
LLP conversion registration governs vesting of assets, liabilities and dissolution of the former entity on certification.
Registration of conversion into a limited liability partnership depends on compliance with the applicable Schedule and submission of the required documents. The Registrar must issue a certificate of registration, and the converted entity must notify the earlier registering authority within fifteen days. From the date of the certificate, the conversion binds the relevant persons, vests all property, rights, liabilities and undertakings in the limited liability partnership without further act or deed, and deems the former firm, company or specified trust dissolved and removed from the earlier records.
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