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Query on LLP

Querist : Anonymous (Querist) 07 April 2011 This query is : Resolved 

Dear Members,

Kindly clarify whether while conversion of Private Company into LLP is it necessary to have minimum contribution of the LLP equal to Paid - up Capital of the Private Company.

Your early reply is highly appreciated.

Warm Regards,
Report Abuse
Raj Kumar Makkad (Expert) 07 April 2011
No. This is not mandatory to have equal capitals on the part of both bodies.

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