Reduction in contribution obligated by Designated Partner

    Posted By : damini / Published on : 26-Nov-2019 06:37 AM / View : 35 / Comment : 0
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    Dear Members,

    Please help on the following query:

    In a LLP, the profit sharing ratio between 2 designated partners have changed from 50-50 to 75-25.

    Can they also change their contribution obligation from 50,000 each to 75,000 & 25,000.

    Is this permissible.

    You are requested to reply as soon as possible.
    Read more on : partner designated obligated contribution reduction

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