New Click here to enroll in UIICL SO Finance and Investment Course

    Register

    Question

    If a company which is formed with unlimited liability wants to convert to limited liability then it should pass________________

    A Resolution Correct Answer Incorrect Answer
    B Ordinary resolution Correct Answer Incorrect Answer
    C Special resolution Correct Answer Incorrect Answer
    D Board Resolution Correct Answer Incorrect Answer

    Solution

    Companies (Incorporation) Rules, 2014 Rule 37. Conversion of unlimited Liability company into a limited Liability company by shares or guarantee (1) Without prejudice to any other provision in the Companies Act for effecting the conversion of an unlimited liability company with or without share capital into limited liability company by shares or guarantee, such a company shall pass a special resolution in a general meeting and thereafter, an application shall be filed in Form No. INC- 27 in the manner provided in sub-rules (2) and (3).

    Practice Next