Dear Sir/Madam,
There 3 Pvt Ltd Companies names A, B & C, B & C hold 50% share each in company A, both B & C have 2 directors each in the company, and these 4 directors along with 2 other directors totalling to 6 directors in company A.
There are NO transactions in company B & C (NIL), all the transactions are done in company A only, but ROC filing, audit and all is done for all the 3 companies.
Below mentioned are my questions, request to clarify and guide me:
1. If B & C are converted to LLP from Pvt Ltd company, will there be any problem in company A.
2. In future if we want to wind up these 2 companies, then what will be the complications and compliances.
3. Any tax is applicable and how is shares of directors transferred to company A directors, and any legal tax complications and implications.
Request to kindly guide us on the above points.
Thanks in advance.
Regards
Guptha
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Conversion of Pvt Ltd Company to a LLP