LLP TO PVT LTD CO.

Section 47(xiiib)

Following shall not be regarded as a”transfer” , therefore, no capital shall arise on the following :


1. Any transfer of a capital asset or intangible asset by a private company or unlisted public company to a limited liability partnership

2. Any transfer of a share or shares held in the company by a shareholder as a result of conversion of the company into a limited liability partnership in accordance with the provisions of section 56 or section 57 of the Limited Liability Partnership Act, 2008