https://www.taxtmi.com/acts?id=11115 The Act prescribes monetary penalties where LLPs contravene specified subsections of section 7 or section 9: an initial fixed penalty for the LLP and for each partner or designated partner, plus a daily continuing penalty after the first day of contravention, each subject to statutory maximum caps; amended text revises earlier fine formulations and aligns liability distinctions between partners and designated partners depending on the subsection breached. en-us Fri, 18 Sep 2009 15:36:27 +0530 Mon, 21 Feb 2022 12:27:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11115 The Act prescribes monetary penalties where LLPs contravene specified subsections of section 7 or section 9: an initial fixed penalty for the LLP and for each partner or designated partner, plus a daily continuing penalty after the first day of contravention, each subject to statutory maximum caps; amended text revises earlier fine formulations and aligns liability distinctions between partners and designated partners depending on the subsection breached. Act-Rules LLP Fri, 18 Sep 2009 15:36:27 +0530 https://www.taxtmi.com/acts?id=11115