## Conversion Into LLP
### Who Can Convert
| Section | Entity Converting | Applicable Schedule |
|---|---|---|
| 55 | Partnership Firm → LLP | Second Schedule |
| 56 | Private Company → LLP | Third Schedule |
| 57 | Unlisted Public Company → LLP | Fourth Schedule |
## Section 58 — Registration and Effect of Conversion
### Sub-section (1) — Registration
- On being satisfied that the firm / private company / unlisted public company has complied with the respective Schedule, RoC shall:
- Register the documents, AND
- Issue a Certificate of Registration in the prescribed form.
- The LLP is effectively incorporated from the date mentioned in the Certificate of Registration.
### Sub-section (2) — Information to be Given
Within 15 days of registration, the LLP shall inform the Registrar of Firms (in case of firm) / RoC (in case of company) about such conversion, along with prescribed particulars of the LLP.
### Sub-section (3) — Binding Effect
Upon conversion, the LLP, partners, and all other persons shall be bound as per the respective schedule.
### Effect of Registration (Non-Obstante Clause)
From the date of registration, notwithstanding anything in any other law:
1. An LLP by the specified name is registered under this Act.
2. All tangible (movable/immovable) and intangible property, assets, interests, rights, privileges, liabilities, obligations, and whole undertaking of the firm/company are transferred to and vest in the LLP.
3. The firm or company shall be deemed to be dissolved and removed from the records of the Registrar of Firms / RoC.
## Section 59 — Foreign LLPs
The Central Government may prescribe rules for foreign LLPs (similar to provisions for foreign companies in the Companies Act 2013) regarding the establishment of place of business, regulatory norms, and filings.