hi,
Just wanted to know that is there any compulsion in LLP for Capital Contribution?
And Secondly,
If once we have given an Initial Contribution, can it be changed later on?
hi,
Just wanted to know that is there any compulsion in LLP for Capital Contribution?
And Secondly,
If once we have given an Initial Contribution, can it be changed later on?
No, There is no such compulsion. The capital contribution of LLP will be decided by its partners
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S. No
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Conditions
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LLP
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Company
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Partnership
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9.
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Remuneration to Managerial Personnel
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Remuneration to partners will be determined on LLP Agreement
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Remuneration to Directors of Public Companies are governed by Companies Act
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The firm can pay remuneration to its partners
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10.
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Liability of Partners/ Members
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Limited to the extent of contribution towards LLP
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Limited to the amount of share capital agreed to be contributed on each share
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Partners have unlimited liability
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11.
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Capital Contribution
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Determined by partners as per the LLP agreement.
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Limited to the unpaid amount of share capital agreed to be contributed
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Unlimited may extend to their personal assets
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You can confirm the same from below link also
/articles/print_this_page.asp?article_id=2503
Regards
M.s.Kabra
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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