https://www.taxtmi.com/caselaws?id=411557 Conversion of a registered partnership firm into an LLP, under the statutory scheme, results in automatic vesting of the firm's tangible and intangible property, rights, liabilities and undertaking in the LLP by operation of law, without any separate conveyance or transfer instrument. On that basis, the article notes that stamp duty and registration fee are generally not attracted because they apply to instruments, and conversion does not involve execution of a registrable document transferring immovable property. The discussion also states that a mutation or revenue-record entry based only on the change in legal identity cannot be conditioned on payment of such charges. 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 an LLP, under the statutory scheme, results in automatic vesting of the firm's tangible and intangible property, rights, liabilities and undertaking in the LLP by operation of law, without any separate conveyance or transfer instrument. On that basis, the article notes that stamp duty and registration fee are generally not attracted because they apply to instruments, and conversion does not involve execution of a registrable document transferring immovable property. The discussion also states that a mutation or revenue-record entry based only on the change in legal identity cannot be conditioned on payment of such charges. Case-Laws Companies Law Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411557