New PAN card required or not on conversion into LLP?

This query is : Resolved

Nihal Batra (Querist)
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11 November 2010 We have converted our Private Limited Compnay into LLP.
Do we have to apply for the new PAN card or we have to just apply for doing the correction in our existing PAN card in the name of Private Limited Compnay.
Please suggest.

Cordially,
Nihal Batra

Aditya Maheshwari

Aditya Maheshwari (Expert)
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11 November 2010 Since the constitution of the company has changed to a firm in my view u need to apply for new PAN.

Nihal Batra

Nihal Batra (Querist)
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11 November 2010 Thanks for the solution. Please suggest what will happen to the old PAN issued to the private limited compnay?

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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11 November 2010 You will have to surrender the PAN card issued to the pvt ltd company.

NITIN SHARMA

NITIN SHARMA (Expert)
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14 November 2010 you must have new pan card having category of LLP and the old has to be surrenderred with the covering letter to intimate thedepartment about the conversion.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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15 November 2010 Dear Nitin
There is no Category of LLP as such for type of person. It has to be as firm only and not of LLP as there is no such thing given seperately.