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CSEET · Business Laws and Management · Elements of Law relating to Partnership and Limited Liability Partnership

Which of the following entities is NOT mentioned in the LLP Act, 2008 as being permitted to convert into a limited liability partnership under the provisions of the conversion Chapter?

A listed public company cannot convert into an LLP under the Act. Conversion is allowed only for a firm, a private company and an unlisted public company, each following its respective Schedule, so listed status takes a public company outside the conversion provisions.

  1. AA firm
  2. BA private company
  3. CAn unlisted public company
  4. DA listed public companyCorrect

Explanation

The Act provides for conversion of a firm (Section 55), a private company (Section 56) and an unlisted public company (Section 57). A listed public company is not covered by these sections, so it cannot convert under them.

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