What compliance private limited company has to comply if it wants to acquire the assets and liabilities of an LLP?

Any company can acquire assets and liabilities of the LLP by following procedure as provided. One should make a checklist for all the compliance included in the procedure as under.

• Conducting a search for an LLP

• Identify all assets and liabilities of the LLP

• Passing Board resolution in company as well as LLP

• Appointing an auditor for valuation

• Preparing and passing scheme for acquiring assets and liabilities

• Transfer of assets and liability by entering into agreement