LLP

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Querist : Anonymous (Querist)
21 January 2011 act provides tht on cessation of partner he will be liable for liabilities arise during his period.

wht does this mean?pls explain giving example

22 January 2011 This means that when a partner exits from the LLP, he will liable for all the liabilities arising out of the acts done by the LLP during the period when he was a Partner.

Regards

CS Udit Sharma



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