Obligation of Contribution in a LLP

Say as per the LLP Agreement, the Obligation of Contribution of a Designated Partner is Rs.50,000.

Does he need to contribute the whole Rs.50,000 during the initial contribution itself? Or, he can contribute the amount at any time in a year?

Does his total contribution can exceed Rs. 50,000?

Replies (1)
Yes in both the cases deposit will be possible.
No if 50000 rupees is mentioned in agreement then it should not be increased

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