https://www.taxtmi.com/forum/issue?id=106820 Tax exemption on conversion to LLP requires the aggregate profit sharing ratio of the private company's shareholders to be not less than fifty percent for the next five years. The query asks whether, if some original shareholders resign but continuing original shareholders retain the same profit shares so the aggregate attributable profit share remains unchanged, that situation complies with the fifty percent profit sharing requirement. en-us Tue, 20 May 2014 15:55:58 +0530 Thu, 23 Jan 2025 15:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106820 Tax exemption on conversion to LLP requires the aggregate profit sharing ratio of the private company's shareholders to be not less than fifty percent for the next five years. The query asks whether, if some original shareholders resign but continuing original shareholders retain the same profit shares so the aggregate attributable profit share remains unchanged, that situation complies with the fifty percent profit sharing requirement. Discussion-Forum Indian Laws Tue, 20 May 2014 15:55:58 +0530 https://www.taxtmi.com/forum/issue?id=106820