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TMI BlogCONVERSION FROM UNLISTED PUBLIC COMPANY INTO LIMITED LIABILITY PARTNERSHIPX X X X Extracts X X X X X X X X Extracts X X X X ..... any as defined in the Securities Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000 issued by the Securities and Exchange Board of India under section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (d) unlisted public company means a company which is not a listed company. 2. Conversion of company into a limited liability partnership. - (1) A company may convert into a limited liability partnership by complying with the requirements as to the conversion set out in this Schedule. (2) Upon such conversion, the company, its shareholders, the limited liability partnership into which the company has converted and the partners of that limited liability partnership shall be bound by the provision ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nies with which it was registered under the provisions of 2 [ the Companies Act, 2013 (18 of 2013) ] about the conversion and of the particulars of the limited liability partnership in such form and manner as the Central Government may prescribe. 6. Registrar may refuse to register. - (1) Nothing in this Schedule shall be construed as to require the Registrar to register any limited liability partnership if he is not satisfied with the particulars or other information furnished under the provisions of this Act: Provided that an appeal may be made before the Tribunal in case of refusal of registration by the Registrar. 1 [Provided further that until the Tribunal is constituted under the Companies Act, 1956, the appeal under this sub-paragrap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... thority on the date of registration may be continued, completed and enforced by or against the limited liability partnership. 10. Continuance of conviction, ruling, order or judgment. - Any conviction, ruling, order or judgment of any Court, Tribunal or other authority in favour of or against the company may be enforced by or against the limited liability partnership. 11. Existing agreements. - Every agreement to which the company was a party immediately before the date of registration, whether or not of such nature that the rights and liabilities thereunder could be assigned, shall have effect as from that date as if- (a) the limited liability partnership were a party to such an agreement instead of the company; and (b) for any reference t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hs 7 to 14 (both inclusive) shall apply to any approval, permit or licence issued to the company under any other Act which is in force immediately before the date of registration of the limited liability partnership, subject to the provisions of such other Act under which such approval, permit or licence has been issued. 16. Notice of conversion in correspondence. - (1) The limited liability partnership shall ensure that for a period of twelve months commencing not later than fourteen days after the date of registration, every official correspondence of the limited liability partnership bears the following, namely:- (a) a statement that it was, as from the date of registration, converted from a company into a limited liability partnership; ..... X X X X Extracts X X X X X X X X Extracts X X X X
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