New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    A private company can be converted into an LLP

    if________?
    A it satisfies the Registrar Correct Answer Incorrect Answer
    B it satisfies the Registrar that it has complied with provisions of Second Schedule Correct Answer Incorrect Answer
    C it satisfies the Registrar that it has complied with provisions of Third Schedule. Correct Answer Incorrect Answer
    D it satisfies the Registrar that it has complies with provisions of Fourth Schedule Correct Answer Incorrect Answer
    E B, C and D altogether. Correct Answer Incorrect Answer

    Solution

    S. 58. Registration and effect of conversion.-The Registrar, on satisfying that a firm, private company or an unlisted public company, as the case may be, has complied with the provisions of the Second Schedule, the Third Schedule or the Fourth Schedule, as the case may be, shall, subject to the provisions of this Act and the rules made thereunder, register the documents submitted under such Schedule and issue a certificate of registration in such form as the Registrar may determine stating that the limited liability partnership is, on and from the date specified in the certificate, registered under this Act:

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