Amlan Ranjan Dutta (Business) (103 Points)
23 May 2021In a LLP, the obligation of contribution of a designated partner as per the LLP agreement was Rs.50,000. But he contributed only Rs.30,000 in the entire period. Is there will be any penalty or compliance for the same? What should I do now?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 23 May 2021
Amlan Ranjan Dutta
(Business)
(103 Points)
Replied 23 May 2021
And what will be the due time? What if he fails to contribute more within the due time also?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 23 May 2021
Amlan Ranjan Dutta
(Business)
(103 Points)
Replied 23 May 2021
If he couldn't able to contribute the balance amount now or even later, is there won't be any issue right?
CAclubindia
