In a LLP, the obligation of contribution of a designated partner as per the LLP agreement was Rs.50,000. But he contributed only Rs.30,000 in the entire period. Is there will be any penalty or compliance for the same? What should I do now?
In a LLP, the obligation of contribution of a designated partner as per the LLP agreement was Rs.50,000. But he contributed only Rs.30,000 in the entire period. Is there will be any penalty or compliance for the same? What should I do now?
And what will be the due time? What if he fails to contribute more within the due time also?
If he couldn't able to contribute the balance amount now or even later, is there won't be any issue right?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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