Exam 46: Amalgamation, Llp, and Single Entry System

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If there is conversion of private limited company into LLP all the of the company must become partners in the LLP and no one else

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Loss or profit on realisation a/c is transferred by the transferor company, under amalgamation to

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At least of the designated partners of every limited liability partnership shall be a resident in India.

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Normally single entry system is suitable for:

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