Interpretation . — In this Schedule, unless the context otherwise requires,— — THE LIMITED LIABILITY PARTNERSHIP ACT, 2008

Interpretation . — In this Schedule, unless the context otherwise requires,—

1. Interpretation . — In this Schedule, unless the context otherwise requires,— (a) "firm" means a firm as defined in section 4 of the Indian Partnership Act, 1932 (9 of 1932); (b) "convert", in relation to a firm converting into a limited liability partnership, means a transfer of the property, assets, interests, rights, privileges, liabilities, obligations and the undertaking of the firm to the limited liability partnership in accordance with this Schedule.

Section 1