-
October 13, 2018
For an outgoing partner in an LLP, the requisite procedures provided in the LLP Act, 2008 is to be followed i.e. to File Form LLP-4 with respect to Notice of cessation of a designated partner or partner.
Regarding any existing debt or liability of an outgoing partner, as mentioned in section 24 sub-section 1 of the LLP Act, 2008, the cessation of a partner from the LLP does not by itself discharge the partner from any obligation to the LLP or to other partners or to any other persons, which he incurred while being a partner in such LLP. The partner is liable for all the acts conducted in the name of LLP during his tenure.
About EbizFiling.com :
EbizFiling.com is a motivated and progressive concept conceived by like-minded people, which helps small, medium and large businesses to fulfill all compliance requirements of Indian Laws.
Get in touch for a free consultation on info@ebizfiling.com or call 9643203209.
About Ebizfiling -
December 23, 2024 By Team Ebizfiling
Top 5 Best Business Ideas with Low Investment Starting your own business doesn’t always require a lot of money. In India, many small-scale business opportunities can be started with a low budget and have the potential for significant growth. If […]
December 21, 2024 By Team Ebizfiling
Everything You Should Know About MSME Registration Certificate The Micro, Small, and Medium Enterprises (MSME) sector is a vital pillar of the Indian economy. It fosters innovation, generates employment opportunities, and acts as a critical supplier for larger industries. Recognizing […]
July 26, 2024 By Komal S
Franchise Agreement Renewals: What You Need to Know Introduction Franchise agreements serve as the backbone of successful business ventures, providing a legal framework for both franchisors and franchisees. In India, the franchising industry has witnessed remarkable growth in recent years, […]