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Section 8 Liabilities of designated partners.—Unless expressly provided otherwise in this Act, a designated partner shall be— (a) responsible for the doing of all acts, matters and things as are required to be done by the limited liability partnership in respect of compliance of the provisions of this Act including filing of any document, return, statement and the like report pursuant to the provisions of this Act and as may be specified in the limited liability partnership agreement; and (b) liable to all penalties imposed on the limited liability partnership for any contravention of those provisions.
A and B started a business by investing Rs.500 and Rs.600 respectively. After 8 months, A increased his investment by Rs.700. Find the ratio of annual p...
P, Q, and R enter a partnership by investing their capital in the ratio of 2/5 :3/4: 5/8. After 4 months, P increased his capital by 50%, but Q decrease...
A and B together started a business with initial investment in the ratio of 1:5, respectively. The time-period of investment for A and B is in the ratio...
The savings of Arun and Bhaskar are same. The difference between the expenditure of Bhaskar and the savings of both Arun and Bhaskar together is 0. The ...
Palash invest twice the sum invested by Vicky and withdraws half of the sum after 3 months and again withdraws half of the remaining sum after 3 months....
‘A’, ‘B’ and ‘C’ started a business by investing Rs. 4,000, Rs. 4,800 and Rs. 3,200, respectively. After 6 months, ‘B’ decreased his inv...
"M" initiated a business with an investment of Rs. 21,000. Subsequently, after a certain number of months, "N" entered the partnership by contributing R...
P and Q started a business by investing Rs. 14,000 and Rs. 21,000 respectively. p also worked as the active manager and for that he is entitled to recei...
In a business, A invested Rs. 1600 more than that by B. After 7 months, A left the business. If at the end of the year, profit earned by B is equal to t...
Aman is a working partner and Bablu is a sleeping partner in a business and Aman puts in Rs.5000 and Bablu puts in Rs. 6000.Aman received 15% of the pro...
