https://www.taxtmi.com/article/detailed?id=738 Section 30 exposes an LLP and responsible persons to unlimited liability where the LLP, any partner, designated partner or employee acts with intent to defraud creditors or any person or for a fraudulent purpose; the LLP is vicariously liable for a partner's fraud unless it proves lack of knowledge or authority, offenders knowingly party to fraudulent business conduct face criminal penalties, and victims may recover compensation in addition to any criminal consequences. en-us Mon, 29 Mar 2010 00:00:00 +0530 Tue, 30 Mar 2010 00:52:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=738 Section 30 exposes an LLP and responsible persons to unlimited liability where the LLP, any partner, designated partner or employee acts with intent to defraud creditors or any person or for a fraudulent purpose; the LLP is vicariously liable for a partner's fraud unless it proves lack of knowledge or authority, offenders knowingly party to fraudulent business conduct face criminal penalties, and victims may recover compensation in addition to any criminal consequences. Articles Limited Liability Partnership - LLP Mon, 29 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=738