LLP ACT SECTION 6(2)
This query is : Resolved
SHIVAM JHUNJHUNWALA
(Querist)
22 April 2021
SIR IN SECTION 6(2) OF LLP,,
THERE ARE TWO PARTNERS "A" AND "B"
1/1/2020- PARTNER "A" DIES
NOW "B" HAS 6 MONTHS TO FIND A NEW PARTNER i.e HE HAS TIME FROM 1/1/2020-30/06/2020
HE HAS TO FIND A NEW PARTNER WITHIN THIS PERIOD.
IF HE FAILS TO FIND PARTNER HIS LIABILITY WILL BE UNLIMITED
MY QUESTION IS FROM WHCIH DATE HIS LIABILITY WILL BE UNLIMITED??
THERE ARE TWO PARTNERS "A" AND "B"
1/1/2020- PARTNER "A" DIES
NOW "B" HAS 6 MONTHS TO FIND A NEW PARTNER i.e HE HAS TIME FROM 1/1/2020-30/06/2020
HE HAS TO FIND A NEW PARTNER WITHIN THIS PERIOD.
IF HE FAILS TO FIND PARTNER HIS LIABILITY WILL BE UNLIMITED
MY QUESTION IS FROM WHCIH DATE HIS LIABILITY WILL BE UNLIMITED??
CA R SEETHARAMAN
(Expert)
23 April 2021
It's from the expiry of 6 months time limit.
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