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FAQs on Liability of Partners

  • 1

    Nature & extent of liability of a partner of an LLP?

  • 2

    What is the liability of a Partner upon reduction of minimum number of members in an LLP?

  • 3

    Whether a ‘partner by holding out’ will be liable under the Act?

  • 4

    How penal action on errant partners who are not residents of India will be taken?