Conversion of a firm in to a Limited Liability Partnership - Clarification.

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.... To, All Regional Directors, All Registrar of Companies, Subject : Conversion of a firm in to a Limited Liability Partnership - Clarification. The Ministry has been examining some of the issues raised by stakeholders with regard to clarifications on the provisions of the Limited Liability Partnership (LLP) Act, 2008 with regard to conversion of a partnership firm into LL....

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....ership firm into a single LLP. The LLP Act, 2008 does not provide for conversion of two or more firms into a single LLP. (ii)  The provisions of section  58(4)  (b) of the LLP Act,  2008 provide that on conversion of a firm into an LLP, as per the provisions of the said Act all property, assets, interests, rights, privileges, liabilities, obligations relating to the fi....