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Section 1

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

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1. Interpretation . — In this Schedule, unless the context otherwise requires,— (a) "company" means a private company as defined in clause (iii) of sub-section (1) of section 3 of 1 [the Companies Act, 2013(18 of 2013)]; (b) "convert", in relation to a private company converting into a limited liability partnership, means a transfer of the property, assets, interests, rights, privileges, liabilities, obligations and the undertaking of the private company to the limited liability partnership in accordance with this Schedule.