1} we have schedule 1 in llp act 2008 then why is it a mandate to formulate an agreement why cant more lineancy be given as in partnership ?
2} are all designated partners also considered as the partners of the llp
I mean as in case of an llp made by just body corporate so the nominees they will choose will they also be partners in llp?
3) can only the capital and accumulated profit be taken only when a person has ceased to be a partner due to death or insolvency
consider sec 24 subsection 6
is it not possible if the partner has taken voluntarily retirement to claim the capital and profits ?
CAclubindia
