Convesion of pvt ltd co into llps


This query is : Resolved 

29 December 2014 I am having pvt ltd company which i am converting into LLPs. One of the share Holder is in HUF Capacity. AS per LLPs law, HUF can not become a Partner in LLPs.
What should do ?

Jayesh shah

30 December 2014 transfer the share of huf to some other shareholder

30 December 2014 IF I TRANSFER SHARES ,THERE WILL BE IMPLICATION OF CAPITAL GAIN BEING UN QUOATED SHARES. IF SHARES OF HUF OF MR.X PARTY TRANSFER TO MR. X STATUS INDIVIDUAL, i.e HUF Gift shares to Karta of Huf or Any members of HUF, Whether is it Taxable Gift or Tax free Gift?

I am very thankul for your answer

jayesh shah


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details