https://www.taxtmi.com/acts?id=40122 The amendment substitutes subsections (4) and (5) of section 25 to provide that if the limited liability partnership contravenes sub section (2), the LLP and each designated partner shall be liable to a penalty of ten thousand rupees, and if the contravention of sub section (1) is made by any partner, such partner shall be liable to a penalty of ten thousand rupees. en-us Mon, 16 Aug 2021 17:14:03 +0530 Mon, 16 Aug 2021 17:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40122 The amendment substitutes subsections (4) and (5) of section 25 to provide that if the limited liability partnership contravenes sub section (2), the LLP and each designated partner shall be liable to a penalty of ten thousand rupees, and if the contravention of sub section (1) is made by any partner, such partner shall be liable to a penalty of ten thousand rupees. Act-Rules F. Acts / Amendment Acts Mon, 16 Aug 2021 17:14:03 +0530 https://www.taxtmi.com/acts?id=40122