The great explorer of the truth, the master-builder of human happiness no one rejects dislikes avoids pleasure itself because it is pleasure but because know who do not those how to pursue pleasures rationally encounter consequences that are extremely painful desires to obtain.
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ABOUT CHANGE IN CAPITAL OF LLP
If a partner wished to increase or reduce a monetary contribution (or in other words increase or reduce capital investment) an amendment of the LLP Agreement is necessary. The flexibility of the LLP as a business model is clearly visible in such a situation. The LLP Act, 2008 is silent on the method to increase or reduce capital. This is due to the fact that the law wishes to provide the partners of an LLP with the ability to regulate their own business. Thus, as per Section 33 of the LLP Act, 2008, the obligation of a partner for their contribution to the LLP shall be decided as per the LLP agreement.
DOCUMENTS REQUIRED
Consent of the designated partners for increase in the contribution
Minutes of the meeting of the designated partners
Form of Contribution
Stamp paper according to the contribution of the LLP that to be introduced.
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