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of <h1>False Statements in LLP Docs Risk Two-Year Jail & Fines Under Clause 37 of 2008 Bill</h1> Clause 37 of the Limited Liability Partnership Bill, 2008, stipulates penalties for making false statements in any required document under the Act. If a person knowingly makes a materially false statement or omits a material fact, they face imprisonment for up to two years. Additionally, they are subject to a fine ranging from one lakh to five lakh rupees, unless otherwise specified by the Act.
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