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

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..... 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 LLP. The issues relate .....

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..... e 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 firm and the whole of the undertaking of the firm shall .....

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