Conversion of Unlisted Public Company to LLP, Corporate Laws / SEBI / LLP

[Heena Joshi]

Dear Members,

I have one of my unlisted Public Company converted to LLP. All the seven shareholders and directors are Partners of LLP.

If after conversion, 5 partner wants to resign is it workable? or there is any lock in period to be partners by income tax act or any other act?

Thanks,

Heena Joshi

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

In my opinion NO