Act Number: 6

Act Name: The Limited Liability Partnership Act, 2008

Year: 2009

Enactment Date: 2009-01-07

Long Title: An Act to make provisions for the formation and regulation of limited liability partnerships and for matters connected therewith or incidental thereto.

Ministry: Ministry of Corporate Affairs

Department:

Section 33: Obligation to contribute.
    (1) The obligation of a partner to contribute money or other property or other benefit or to perform services for a limited liability partnership shall be as per the limited liability partnership agreement.
     (2) A creditor of a limited liability partnership, which extends credit or otherwise acts in reliance on an obligation described in that agreement, without notice of any compromise between partners, may enforce the original obligation against such partner.
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