Conversion of pvt ltd company to llp- if charge is existing

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Meghana Hegde (Querist)
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14 January 2016 What is the remedy in case of Conversion of Pvt Ltd company to LLP- if charge is existing for the company?

CS Divesh Goyal (Expert)
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14 January 2016 According to me ROC will not allow conversion if charge is standing on the record of the MCA.

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Meghana Hegde (Querist)
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16 January 2016 So,should they clear all the charges before conversion?

CS Divesh Goyal (Expert)
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19 January 2016 yes they should satisfy all the charges before conversion.

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