Llp contribution related

Income Tax Wala: (Fin. Expert) (Chartered Accountants) (2015 Points)

19 May 2014  

I FORMED A LLP WITH AUTH. CAPITAL INR 2 LACS.

SO MY QUESTION IS THAT IS IT MANDATORY TO SUBSCRIBE THIS 2 LACS INITIALLY BY FIRST PARTNERS OR SUBSCRIBE 50000/- LAC INITIALLY AND KEEP BALANCE ASIDE TO ALLOT IN FUTURE TO NEW PARTNER OR EXISTING PARTNERS