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LLP Formation : Capital Contribution In Cash


Ashu jain (Practicing)     17 February 2020

Ashu jain
Practicing 
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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.

Thanks & Regards

avater

Anjali lakra   20 February 2020

Anjali lakra

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Yes it can be Cash. ROC will not object this

avater

Kalpesh Veer (PCS)     22 February 2020

Kalpesh Veer
PCS 
 22 likes  685 points

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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.

Anand Mudaliar (Operation Team Executive)     31 March 2020

Anand Mudaliar
Operation Team Executive 
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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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