Question

If a company which is formed with unlimited liability wants to convert to limited liability then it should pass

A Ordinary resolution Correct Answer Incorrect Answer
B Special resolution Correct Answer Incorrect Answer
C No need Correct Answer Incorrect Answer
D Either A or B Correct Answer Incorrect Answer

Solution

For effecting the conversion of an unlimited liability company with or without share capital into limited liability company by shares or guarantee, such a company shall pass a special resolution in a general meeting.

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