https://www.taxtmi.com/article/detailed?id=985 Section 58 prescribes the statutory framework for conversion of a firm, private company or unlisted public company into a limited liability partnership. The Registrar registers conversion on satisfaction of compliance and issues a certificate specifying the date of registration; the converted LLP must notify the Registrar of Firms or Registrar of Companies within fifteen days. From the date of registration the LLP by the certified name exists, all property of the predecessor transfers to and vests in the LLP, and the predecessor entity is deemed dissolved and removed from registrar records; partners or shareholders become LLP partners governed by the applicable schedule. en-us Thu, 14 Oct 2010 00:00:00 +0530 Fri, 15 Oct 2010 08:20:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=985 Section 58 prescribes the statutory framework for conversion of a firm, private company or unlisted public company into a limited liability partnership. The Registrar registers conversion on satisfaction of compliance and issues a certificate specifying the date of registration; the converted LLP must notify the Registrar of Firms or Registrar of Companies within fifteen days. From the date of registration the LLP by the certified name exists, all property of the predecessor transfers to and vests in the LLP, and the predecessor entity is deemed dissolved and removed from registrar records; partners or shareholders become LLP partners governed by the applicable schedule. Articles Limited Liability Partnership - LLP Thu, 14 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=985