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Public Deposits under LLP

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(Querist)
30 November 2010 Whether LLP allows public deposits or law same as private limited company and prohibits the same.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
30 November 2010 LLP allows public deposits. There is nothing mentioned in the act about the same. But also check the LLP agreement also if some restrictions have been imposed by the agreement.

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