Number of partners in LLP
This query is : Resolved
16 January 2020
I am curious to understand what happens if only one partner remains in LLP. Rest all partners are retired for summer or the other reasons
16 January 2020
partnership represents PLURALITY. A single person does not satisfy the condition of PLURALITY and hence there exists no LLP when only 1 of the partners remains.
16 January 2020
Thank you
But after retirement of all the partners except one, does the company gets converted in proprietary?
But after retirement of all the partners except one, does the company gets converted in proprietary?
16 January 2020
No automatic route as such. You need to inform the authority about the same.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding appeal to GSTAT
- Value of property in capital gain
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- LC charges in relation to Asset purchased should be Capitalised ?
- E-Invoice applicability for new Startup
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
