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of <h1>False Statements in LLP Documents Can Lead to Imprisonment and Fines Under Section 37 of the LLP Act, 2008.</h1> Section 37 of the Limited Liability Partnership Act, 2008, prescribes penalties for making false statements in any return, statement, or document required under the Act. If a person knowingly makes a materially false statement or omits a material fact, they can face imprisonment for up to two years. Additionally, they are liable to a fine ranging from one lakh to five lakh rupees, unless otherwise specified by the Act.
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