Section 58 of LLP Act, 2008 : Section 58: Registration And Effect Of Conversion

LLP Act, 2008

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Explanation using Example

Imagine a scenario where 'XYZ Design Studio', a partnership firm under the Indian Partnership Act, 1932, decides to convert into 'XYZ Design Studio LLP' to benefit from limited liability and a more flexible management structure. The partners of 'XYZ Design Studio' comply with the provisions of the Second Schedule of the Limited Liability Partnership Act, 2008, and submit the necessary documents to the Registrar.

The Registrar, upon verifying that all requirements are met, registers 'XYZ Design Studio LLP' and issues a certi...

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