Contribution - llp

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2014 Sir,

Whether total monetary value of obligation of contribution in case of LLP includes Current capital accounts of the partners ??

Eg.

Authorized Contribution (total monetary value of obligation of contribution) of the LLP is Rs. 100000/-

in addition to this LLP also shown Rs. 50000/- as current capital account of partners??

whether LLP can have current capital of partners in addition to authorised contribution??

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 September 2014 u mean to say current account of designated partners

Querist : Anonymous

Querist : Anonymous (Querist)

04 September 2014 yes..

LLP has authorised contribution is Rs. 100000

and they also have current capital accounts of partners

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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04 September 2014 yes allowed to show no issues in it

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