LLP

Gayathri (company secretary) (83 Points)

20 November 2010  

Dear all,

A pvt co is going to be converted into a LLP. The Managing Director of the pvt co is already a MD in one another company(apart from this co), and consequently has exhausted the limits  of being MD in two cos as per Companies Act. He is also the shareholder of that Company.

Now i would like to know if he can become the designated partner of proposed LLP without contravening any provisions. If so can anyone pls hghlight the provisions.