Private Ltd Co has subsequently become Limited Liability Partnership Firm | LegaMart

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QuestionOct 11, 2020 - 8:27

Private Ltd Co has subsequently become Limited Liability Partnership Firm

I am a banker and seek your guidance in the following matter. Firm X has availed credit facility of Rs 30 crore from our branch. Firm X is a partnership firm and It consist of two partners. Out of the two partner, one PARTNER is a Private Ltd Company. Now Private Ltd Co has subsequently become Limited Liability Partnership Firm.Under such circumstances whether fresh documents executed by the Limited Liability Partnership firm required to pay full stamp duty on bank loan documents?

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