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In India registered organisation like Private Limited or Public Limited has many complexities and compliances to follow. They are mandated to have regular board meetings and adhere to maintain statutory records, filing e-forms with MCA etc. LLP combine with advantages such as non-applicability of dividend distribution tax on profit repatriation, transfer of profit and deemed dividend profit issue, makes it a profitable approach to small scale private limited companies to convert from Private limited to LLP.
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NOC from creditors
NOC from income tax dept
List of pending litifations
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