https://www.taxtmi.com/forum/issue?id=118295 Shares issued on conversion may be at par or at a premium, with any premium credited to reserves; valuation is on a net asset basis. Conversion can be tax-neutral under Section 47(xiii) if all assets and liabilities transfer to the company, partners become shareholders proportionate to their capital, consideration is only shares, and partners retain requisite voting control for the continuity period. en-us Wed, 21 Dec 2022 15:39:54 +0530 Thu, 23 Jan 2025 15:54:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118295 Shares issued on conversion may be at par or at a premium, with any premium credited to reserves; valuation is on a net asset basis. Conversion can be tax-neutral under Section 47(xiii) if all assets and liabilities transfer to the company, partners become shareholders proportionate to their capital, consideration is only shares, and partners retain requisite voting control for the continuity period. Discussion-Forum Companies Law Wed, 21 Dec 2022 15:39:54 +0530 https://www.taxtmi.com/forum/issue?id=118295