CAN ANYONE TELL ME THAT WHETHER THERE IS ANY MINIMUM CAPITAL REQUIREMENT FOR LLP?
AS PER MY KNOWLEDGE THERE IS NO PROVISION IN THIS REGARD. IS M I RIGHT?
Nidhi Jain (CS ) (987 Points)
13 February 2012CAN ANYONE TELL ME THAT WHETHER THERE IS ANY MINIMUM CAPITAL REQUIREMENT FOR LLP?
AS PER MY KNOWLEDGE THERE IS NO PROVISION IN THIS REGARD. IS M I RIGHT?
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 13 February 2012
Unlike in the case of a company, there is no requirement for minimum capital contribution for a LLP...
However, the registration cost for LLP is determined on the basis of amount of contribution...