Conversion into LLP: multiple firms cannot be merged into one LLP; auditor status transfers to the LLP and board should note. The LLP Act permits only conversion of a single partnership firm into a single LLP; conversion of multiple firms into one LLP is not provided. Upon conversion, all property, assets, interests, rights, privileges, liabilities and the whole undertaking of the firm vest in the LLP without further act or deed, and where the firm was auditor of a company the LLP is deemed to be the auditor. Appointee companies should note the auditor status change by a Board resolution and comply accordingly.