https://www.taxtmi.com/acts?id=11129 Cessation of partnership interest occurs by agreement or written resignation, and also on death, dissolution, mental incapacity, or insolvency. Until notice of cessation is given to parties or the Registrar, a former partner is treated as a partner for third party dealings. Cessation does not discharge obligations incurred while a partner. Unless the LLP agreement provides otherwise, a former partner or their successor is entitled to the actual capital contribution and a share of accumulated profits after losses, and has no right to interfere in LLP management. en-us Fri, 18 Sep 2009 15:40:33 +0530 Wed, 19 Jun 2024 15:37:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11129 Cessation of partnership interest occurs by agreement or written resignation, and also on death, dissolution, mental incapacity, or insolvency. Until notice of cessation is given to parties or the Registrar, a former partner is treated as a partner for third party dealings. Cessation does not discharge obligations incurred while a partner. Unless the LLP agreement provides otherwise, a former partner or their successor is entitled to the actual capital contribution and a share of accumulated profits after losses, and has no right to interfere in LLP management. Act-Rules LLP Fri, 18 Sep 2009 15:40:33 +0530 https://www.taxtmi.com/acts?id=11129