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
A)Shareholders
B)Employees
C)Managers
D)Vendors

Question

Quizplus · Accepted Answer

When a private limited company is converted into an LLP (Limited Liability Partnership), all the shareholders of the company must become partners in the LLP. This is a requirement to ensure that the ownership and interests in the company are appropriately transferred and represented in the LLP structure. Employees, managers, and vendors do not automatically become partners in the LLP through the conversion process.

If There Is Conversion of Private Limited Company into LLP