https://www.taxtmi.com/circulars?id=53490 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. en-us Tue, 30 Apr 2013 00:00:00 +0530 Thu, 28 May 2015 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=53490 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. Circulars LLP Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=53490