https://www.taxtmi.com/article/detailed?id=749 Section 32 permits partner contributions in money, tangible or intangible property, promissory notes, agreements to contribute and contracts for services, and requires valuation by an authorised valuer or accountant and disclosure of each partner's monetary contribution in the LLP's accounts. Section 33 provides that a partner's obligation to contribute is governed by the LLP agreement and that a creditor dealing with the LLP without notice of an internal compromise may enforce the partner's original disclosed contribution, reflecting a holding out-type protection for third parties. en-us Thu, 08 Apr 2010 00:00:00 +0530 Thu, 08 Apr 2010 04:41:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=749 Section 32 permits partner contributions in money, tangible or intangible property, promissory notes, agreements to contribute and contracts for services, and requires valuation by an authorised valuer or accountant and disclosure of each partner's monetary contribution in the LLP's accounts. Section 33 provides that a partner's obligation to contribute is governed by the LLP agreement and that a creditor dealing with the LLP without notice of an internal compromise may enforce the partner's original disclosed contribution, reflecting a holding out-type protection for third parties. Articles Limited Liability Partnership - LLP Thu, 08 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=749