LLP

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Rishi Vyas (Querist)
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25 August 2009 On conversion of a Unlisted Public Limited Company into an LLP, all the shareholders of the Co. become Partners in the new LLP.

My query is that at the time of executing the LLP Agreement who need to sign the Agreement?

(Please note that here the no. of shareholders turned partners may be in hundreds.)

Further, what will happen if one of the shareholders refuse to sign the Agreement or participate in the new LLP.

Thanks & Regards
CS Rishi Vyas

M Prabhakar Menon

M Prabhakar Menon (Expert)
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26 August 2009 All partners should sign those who are not willing may be settled seperately with consent of all to avoid future litigation