Mera Samvidhaan All of Limited Liability Partnership Act, 2008

Chapter VI · Contributions

32Form of contribution.

Section 32 · Chapter VI · page 15 of the Act

(1) A contribution of a partner may consist of tangible, movable or immovable or intangible property or other benefit to the limited liability partnership, including money, promissory notes, other agreements to contribute cash or property, and contracts for services performed or to be performed.

(2) The monetary value of contribution of each partner shall be accounted for and disclosed in the accounts of the limited liability partnership in the manner as may be prescribed.

Other provisions that mention Section 32

Section 32 of The Limited Liability Partnership Act, 2008 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.