Withdrawal of Capital from LLP (Which converted from Pvt Ltd)

Abhay salunkhe (96 Points)

07 August 2023  

Hello 

I just converted my pvt ltd company to LLP, can i withdraw reserves from my LLP. 

I read it somewhere that, i have to wait 3 years to withdraw the reserves from it.

Kindly help me to get clear vision. Is really there any section which prohibits withdrawal for 3 years?