LLP Formation : Capital Contribution In Cash

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Practicing
126 Points Posted on 17 February 2020
Can the capital contribution be done in cash during LLP Formation (In "Form of Contribution" column). Do we receive any rejection from ROC for the same.

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On 17 February 2020 at 22:12 Report
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Yes, you can contribute capital in cash during the formation of a Limited Liability Partnership (LLP). The Registrar of Companies (ROC) will not raise any objections, provided that the contribution is clearly stated as 'cash' or 'monetary investment' in both the initial LLP agreement and Form 3.

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473 Points Posted on 20 February 2020
Yes it can be Cash. ROC will not object this
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On 20 February 2020 at 21:17
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PCS
795 Points Posted on 22 February 2020

You need to mention in form 3 of LLP regarding the kind of investment. Mentioned in form 3 kind of investment is "monetary investment." No rejection form ROC.

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On 22 February 2020 at 11:05
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Operation Team Executive
38 Points Posted on 31 March 2020

Yes it can be mentioned as cash, no objection will be raised by registrar. 

However subject to condition the form of contribution should mention as cash in initial LLP agreement and Form 3. 

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On 31 March 2020 at 15:30

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