Section 32
Form of contribution.
The Limited Liability Partnership Act, 2008
About this Act
An Act to make provisions for the formation and regulation of limited liability partnerships and for matters connected therewith or incidental thereto.
(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.
(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.