banner_ad

Company llp

237 views 1 replies
A Pvt. Ltd company converted into LLP in FY 20-21. All assets and liabilities has been transferred into LLP.

Paid up Share Capital: 1 lacs
Reserves & Surplus : Rs. 50 lacs

Query: Can Partners withdraw from reserves & Surplus transferred in LLP ?

Is there any tax implication in LLP?
Replies (1)
Once the LLP converted and DP became shareholders then provision of companies act shall be applicable from withdraw of reserves ...for permitted purpose ,I don't think any provision in act which allows withdrawal of reserves for compensation to shareholders


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details