alleryWhich of the following may be converted into an LLP under the Act?
AOnly a sole proprietorship
BA trust
CA Hindu Undivided Family
DA firm, a private company, or an unlisted public company
Answer & Solution
Correct answer: D. A firm, a private company, or an unlisted public company
The Second, Third and Fourth Schedules permit conversion of a firm, a private company, and an unlisted public company respectively into an LLP.
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Related questions
A pre-incorporation agreement binds the LLP only if ratified by whom?Before becoming a designated partner, an individual must give what?Who signs the notices of change that an LLP files with the Registrar?A partner's liability in an LLP is limited to what?An LLP is best described as a hybrid of which two forms?On which date was the first Indian LLP incorporated?What minimum capital is required to form an LLP?An LLP is incorporated on 15 November 2023. Its first financial year may be extended up to