Limited Liability Partnership Act, 2008

Third Schedule - CONVERSION FROM PRIVATE COMPANY INTO LIMITED LIABILITY PARTNERSHIP

THE THIRD SCHEDULE

[See section 56]

CONVERSION FROM PRIVATE COMPANY INTO LIMITED LIABILITY PARTNERSHIP

Interpretation.

1. In this Schedule, unless the context otherwise requires,-

(a)	-	"company" means a private company as defined in clause (iii) of sub-section (1) of section 3 of the Companies Act, 1956 (1 of 1956);
(b)	-	"convert", in relation to a private company converting into a limited liability partnership, means a transfer of the property, assets, interests, rights, privileges, liabilities, obligations and the undertaking of the private company to the limited liability partnership in accordance with this Schedule.

Eligibility for conversion of private companies into limited liability partnership.

2. (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) A company may apply to convert into a limited liability partnership in accordance with this Schedule if and only if-

(a)

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