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31. Statements to be lodged

(1) A conventional partnership may apply to convert to a limited liability partnership by lodging with the Registrar-

(a) a statement signed by all of its partners in such medium and form as the Registrar may determine containing the following particulars:

(i) the name and registration number of the conventional partnership, where applicable;

(ii) the date on which the conventional partnership was registered under the Registration of Businesses Act 1956 or any other written law; and

(iii) that as at the date of the application, the conventional partnership appears to be able to pay its debts as they become due in the normal course of business; and

(b) a statement and an approval letter referred to in subsections 10(2) and (3), respectively.

(2) A private company may apply to convert to a limited liability partnership by lodging with the Registrar-

(a) a statement signed by all of its shareholders in such medium and form as the Registrar may determine containing the following particulars:

(i) the name and registration number of the private company;

(ii) the date on which the private company was incorporated under the companies Act 1965;

(iii) that as at the application date, the private company appears to be able to pay its debts as they become due in the normal course of business;

(iv) that as at the application date, all outstanding statutory fees or any amount owing to any government agency has been settled;

(v) that the private company has placed an advertisement in at least one widely circulated newspaper in Malaysia and published a notification in the Gazette of its intention to convert to a limited liability partnership; and

(vi) that all of its creditors have agreed with the application to convert to a limited liability partnership; and (b) a statement referred to in subsection 10(2).

(3) The Registrar may, in any particular case, require the statement referred to in subsection (1) or (2) to be verified in such manner as the Registrar considers fit.

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Who We Are

GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .