LLP query urgent please
This query is : Resolved
04 February 2022
An LLP is just formed after conversion from Company..one partner wants to leave partnership..is there any time limit for sale of share between partners after conversion from company to LLP?
04 February 2022
No time limit for sale between old partners.
Upto 5 years 50% share should be held by old partners.
Upto 5 years 50% share should be held by old partners.
05 February 2022
A partner wants to leave after taking his share of capital and old accumulated profits of company...conversion is just made..so is it allowed or time limit?
06 February 2022
Yes, it's allowed as 50% of shares will be held by old partners.
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