https://www.taxtmi.com/caselaws?id=411557 Conversion of a registered partnership firm into a limited liability partnership under the Limited Liability Partnership Act causes the firm's tangible and intangible property, rights, liabilities and undertaking to vest automatically in the LLP by operation of law. No separate conveyance, assurance or transfer instrument is required, and the firm is deemed dissolved after conversion. As stamp duty applies to instruments and registration fees depend on a registrable instrument, no such levy arises solely from the statutory conversion. Revenue records should reflect the LLP's changed name without making mutation conditional on stamp duty or registration-fee payment. en-us Thu, 07 Jan 2021 00:00:00 +0530 Sat, 28 Aug 2021 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411557 Conversion of a registered partnership firm into a limited liability partnership under the Limited Liability Partnership Act causes the firm's tangible and intangible property, rights, liabilities and undertaking to vest automatically in the LLP by operation of law. No separate conveyance, assurance or transfer instrument is required, and the firm is deemed dissolved after conversion. As stamp duty applies to instruments and registration fees depend on a registrable instrument, no such levy arises solely from the statutory conversion. Revenue records should reflect the LLP's changed name without making mutation conditional on stamp duty or registration-fee payment. Case-Laws Companies Law Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411557