https://www.taxtmi.com/article/detailed?id=1147 The general penalties provision subjects persons who contravene provisions of the LLP statute lacking a specific penalty to a monetary sanction with a prescribed minimum and maximum and an additional daily fine for continuing defaults, the daily fine accruing after the first day of continued non-compliance; the provision is residuary, applies only where no express statutory consequence exists, and its monetary penalty is compoundable under the Act. en-us Tue, 22 Feb 2011 22:05:31 +0530 Tue, 22 Feb 2011 22:05:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1147 The general penalties provision subjects persons who contravene provisions of the LLP statute lacking a specific penalty to a monetary sanction with a prescribed minimum and maximum and an additional daily fine for continuing defaults, the daily fine accruing after the first day of continued non-compliance; the provision is residuary, applies only where no express statutory consequence exists, and its monetary penalty is compoundable under the Act. Articles Limited Liability Partnership - LLP Tue, 22 Feb 2011 22:05:31 +0530 https://www.taxtmi.com/article/detailed?id=1147