LLP
This query is : Resolved
25 August 2009
On conversion of a Unlisted Public Limited Company into an LLP, all the shareholders of the Co. become Partners in the new LLP.
My query is that at the time of executing the LLP Agreement who need to sign the Agreement?
(Please note that here the no. of shareholders turned partners may be in hundreds.)
Further, what will happen if one of the shareholders refuse to sign the Agreement or participate in the new LLP.
Thanks & Regards
CS Rishi Vyas
My query is that at the time of executing the LLP Agreement who need to sign the Agreement?
(Please note that here the no. of shareholders turned partners may be in hundreds.)
Further, what will happen if one of the shareholders refuse to sign the Agreement or participate in the new LLP.
Thanks & Regards
CS Rishi Vyas
26 August 2009
All partners should sign those who are not willing may be settled seperately with consent of all to avoid future litigation
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