Question

the procedure and effect of conversion of a partnership into LLP as per LLP act 2008 full details ​

Answer 1

.thanks...,

here is ur answer.

. the procedure and effect pf conversion of a partnership...,

follow me I'll follow u back

give thnx, take thnx

mark me as brainiest I'll give u 10thnx

Answer 2

The procedure and effect of conversion of a partnership into LLP as per LLP act 2008 are as follows:

• Sections 55 to 58 of the LLP Act, 2008 cover provisions associated with conversion to Limited Liability Partnership Section 55 gives that a partnership firm may modify into LLP as per the Second Schedule of the Act. Section 56 gives that a private company may transform into LLP as per the third Schedule of the Act.

Steps for conversion of Partnership Firm into LLP:

• Attain Digital Signature for all colleagues.
• Partners in LLP need a DIN.
• Prepare a petition in RUN-LLP Form for name reservation on the MCA website.
• File Form FiLLiP for Application and Statement for the transformation of Partnership Firm into LLP.

The Partners will enjoy restricted liability safety for all agreements performed after the conversion of the partnership into LLP. Though, the Partners will proceed to be personally responsible for all business performed as a Partnership before the conversion into LLP.