https://www.taxtmi.com/article/detailed?id=943 The LLP, upon registration, succeeds to the firm's rights, obligations, pending proceedings and enforceable orders; existing agreements, contracts, appointments and employment continue with the LLP substituted for the firm. The Registrar may refuse registration if not satisfied, with appeal available; the LLP must notify registering authorities of property and publish conversion particulars in official correspondence for the prescribed period, subject to monetary penalties for noncompliance. Partners remain jointly and severally liable for pre-conversion liabilities but may be indemnified by the LLP; post-conversion draws and remuneration are governed by the LLP agreement. en-us Sat, 11 Sep 2010 15:54:48 +0530 Mon, 13 Sep 2010 00:41:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=943 The LLP, upon registration, succeeds to the firm's rights, obligations, pending proceedings and enforceable orders; existing agreements, contracts, appointments and employment continue with the LLP substituted for the firm. The Registrar may refuse registration if not satisfied, with appeal available; the LLP must notify registering authorities of property and publish conversion particulars in official correspondence for the prescribed period, subject to monetary penalties for noncompliance. Partners remain jointly and severally liable for pre-conversion liabilities but may be indemnified by the LLP; post-conversion draws and remuneration are governed by the LLP agreement. Articles Limited Liability Partnership - LLP Sat, 11 Sep 2010 15:54:48 +0530 https://www.taxtmi.com/article/detailed?id=943