Actual initial contribution is not same as mentioned in LLP Agreement

416 views 2 replies

In the LLP Agreement of an LLP, it is mentioned:

The initial contribution of the LLP shall be Rs. 1,00,000 (Rupees One Lakh only) which shall be contributed by the partners in the following proportions :

First Party : Rs. 50,000.

Second Party : Rs. 50,000.

 

But the actual initial contribution of the partners are:

First Party : Rs. 80,000.

Second Party : Rs. 20,000.

 

Is there any need to file Form-3 or ammend the LLP Agreement in this case? Is there will be any penalty?

Replies (2)

Amendment should be done to be on safe side. 

But the total obligation of Contribution from partners didn't exceed.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details