https://www.taxtmi.com/article/detailed?id=239 Conversion requires that all partners of the firm constitute the partners of the resulting limited liability partnership and is effected by filing prescribed statements and incorporation documents with the Registrar, who may register, verify, or refuse registration (with appeal to the Tribunal). On registration the firm's entire undertaking, including all property, assets, rights, liabilities and pending proceedings, transfers to and vests in the limited liability partnership without further assurance, and the firm is deemed dissolved; partners remain personally liable for pre-conversion obligations, with entitlement to indemnity from the LLP. en-us Tue, 09 Dec 2008 00:00:00 +0530 Sat, 14 Sep 2013 22:33:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=239 Conversion requires that all partners of the firm constitute the partners of the resulting limited liability partnership and is effected by filing prescribed statements and incorporation documents with the Registrar, who may register, verify, or refuse registration (with appeal to the Tribunal). On registration the firm's entire undertaking, including all property, assets, rights, liabilities and pending proceedings, transfers to and vests in the limited liability partnership without further assurance, and the firm is deemed dissolved; partners remain personally liable for pre-conversion obligations, with entitlement to indemnity from the LLP. Articles Corporate Laws / IBC / SEBI Tue, 09 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=239