https://www.taxtmi.com/forum/issue?id=109497 LLP capital contributions and withdrawals are governed by the LLP agreement; there is no specific statutory provision prescribing procedures, so partners may contractually determine introduction, withdrawal and fee mechanisms. If the agreement is silent, the First Schedule provides the default that partners share equally in capital, profits and losses and mutual rights and duties are determined by those Schedule provisions. en-us Mon, 07 Dec 2015 15:06:29 +0530 Thu, 23 Jan 2025 15:56:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109497 LLP capital contributions and withdrawals are governed by the LLP agreement; there is no specific statutory provision prescribing procedures, so partners may contractually determine introduction, withdrawal and fee mechanisms. If the agreement is silent, the First Schedule provides the default that partners share equally in capital, profits and losses and mutual rights and duties are determined by those Schedule provisions. Discussion-Forum Companies Law Mon, 07 Dec 2015 15:06:29 +0530 https://www.taxtmi.com/forum/issue?id=109497