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of <h1>Designated Partner in LLP Liable for Compliance and Penalties Under Limited Liability Partnership Act, 2008</h1> A designated partner in a limited liability partnership (LLP) is responsible for ensuring compliance with all statutory requirements under the Limited Liability Partnership Act, 2008. This includes filing necessary documents, returns, and statements as specified in the Act or the LLP agreement. Additionally, the designated partner is liable for any penalties incurred by the LLP due to non-compliance with these provisions, unless otherwise stated in the Act.
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