Lex comply

    LLP Law Clarification

    Posted By : Sachin / Published on : 26-Feb-2021 10:44 AM / View : 260 / Comment : 0
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    Dear Friends,

    Pl Clarify on the following:

    1. under LLP law , is there a provision of "doctrine of indoor management" ; just like in companies act ?

    2. if there is a misunderstanding in financial dealings amongst partners, will a third party (say a customer) be affected on grounds that the designated partners did not seek consent of the other designated partner to do a business transaction.

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