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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Oct 2025 Invoices
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
