On and from the date of registration specified in the certificate of registration issued under paragraph 4–
a. there shall be a limited liability partnership by the name specified in the certificate of registration registered under this Act;
b. all tangible (movable or immovable) and intangible property vested in the company, all assets, interests, rights, privileges, liabilities, obligations relating to the company and the whole of the undertaking of the company shall be transferred to and shall vest in the limited liability partnership without further assurance, act or deed; and
c. the company shall be deemed to be dissolved and removed from the records of the Registrar of Companies.
if in previous year company has loss in its financials then how to disclose that in LLP financials?
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