Home  ›  Bare Acts  ›  Full Acts  ›  Limited Liability Partnership Act, 2008  ›  Chapter VI  ›  Section 32
Bare Act · Limited Liability Partnership Act, 2008 · Chapter VI
32

Form of contribution.

(1)A contribution of a partner may consist of tangible, movable or immovable or intangible property or other benefit to the limited liability partnership, including money, promissory notes, other agreements to contribute cash or property, and contracts for services performed or to be performed.

(2)The monetary value of contribution of each partner shall be accounted for and disclosed in the accounts of the limited liability partnership in the manner as may be prescribed.

Home Browse Search Saved