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Conversion of pvt ltd to llp
We are private limited company, but w.e.f from 01/10/2016 we have converted in to LLP from Pvt Ltd, please tell us how transfer Fixed Assets, Current Assets & Liablity from Pvt ltd to LLP. Can we shown in private limited company Accounts, loan given to LLP & LLP Books of Accounts can we shown as Loan Received from Private Limited Company
Replies (2)
No after converion pvt company is no longer there & all the aseet & liability of pvt ltd company transfer to LLP books of account.
one need to incorporate this clause in LLP Agreement itself.
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