Section 47(xiiib) - Conversion of unlisted company to LLP

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..... ether public or private) to a Limited Liability Partnership Unlisted Company LLP All assets and Liabilities immediately prior to conversion NOTE: The following conditions must be satisfied to be covered u/s 47(xiiib) :- All the assets and liabilities of the company immediately before the conversion become the assets and liabilities of the limited liability partnership. All the shareholders of the .....

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..... he three previous years preceding the previous year in which the conversion takes place does not exceed ₹ 60 Lakhs. The total value of the assets as appearing in the books of account of the company in any of the three previous years preceding the previous year in which the conversion takes place does not exceed ₹ 5 Crore and No amount is paid, either directly or indirectly, to any part .....

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