Difference between Fixed capital and current capital in LLP
This query is : Resolved
24 June 2023
what is difference between Fixed capital and Current capital in LLP.
And also Share in Partnership Firm .
And also Share in Partnership Firm .
CA R SEETHARAMAN
(Expert)
24 June 2023
Fixed capital is:-
As per the provisions of Section 33 of Limited Liability Partnership Act, 2008, the obligation to contribute to the capital of LLP by each partner shall be as per the subscriber sheet being filled by the Company to the Concerned Registrar of Companies at the time of the LLP Incorporation and the same amount shall be written in the LLP agreement which is filled by the Company to the Concerned Registrar of Companies.
Current capital is the present capital contribution.
As per the provisions of Section 33 of Limited Liability Partnership Act, 2008, the obligation to contribute to the capital of LLP by each partner shall be as per the subscriber sheet being filled by the Company to the Concerned Registrar of Companies at the time of the LLP Incorporation and the same amount shall be written in the LLP agreement which is filled by the Company to the Concerned Registrar of Companies.
Current capital is the present capital contribution.
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