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Which 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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