LLP to Company Conversion-Allotment of shares

Kalyan Kumar Astakala (Director) (31 Points)

08 July 2021  

Case: Conversion of LLP to private Limited Company Limited by shares

Scenario: Designated Partners (2), each holding 50% share in LLP.

Objective: No designated partner shall hold shares or directorship in new company. New individuals will become the first directors cum subscribers.

Can any expert help me out how can I do that and what is possible according to Act.