Llp act section 6
This query is : Resolved
SHIVAM JHUNJHUNWALA
(Querist)
22 April 2021
in section 6 it says that "If at any time the number of partners of a limited liability partnership is reduced below two and the limited liability partnership carries on business for more than six months while the number is so reduced, the person, who is the only partner of the limited liability partnership during the time that it so carries on business after those six months and has the knowledge of the fact that it is carrying on business with him alone, shall be liable personally for the obligations of the limited liability partnership incurred during that period."
so here we take that llp had two members and one member died on 1/1/2021
so the remaining partner has 6 months i.e. 1/1/2021-30/06/2021 to find new partner or wind up
if he doesn't find a new partner, then from which date the remaining partner liability will be unlimited i.e. from 1/07/2021 or 1/1/2021
so here we take that llp had two members and one member died on 1/1/2021
so the remaining partner has 6 months i.e. 1/1/2021-30/06/2021 to find new partner or wind up
if he doesn't find a new partner, then from which date the remaining partner liability will be unlimited i.e. from 1/07/2021 or 1/1/2021
CA R SEETHARAMAN
(Expert)
23 April 2021
It's from 1/7/2021....
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Employee secondment
- GSTR9 Annual Return
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Ito add credit side of bank
- Import of Capital Machine
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Closer of business and itc of capital goods
- Rent agreement of House of deceased person
- Capital gain on commercial property and investment in residential property
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
