LLP

[Kavita Padia]

If a LLP has no bank account as on March 31 and has not recd capital contribution also till march 31...while reporting in Form 11 what shld be show capital recd or not recd?

If not will there be any issue in such disclosure 

Please guide based on your experiences

Thanks

[Mahesh Kumar]

The contribution of LLP shall be governed by LLP Agreement. If there is no time period defined to contribute the amount, then I think there is no issue in such disclosures. 

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[Kavita Padia]

But i have seen auditors still showing as contribution recd in financials why so am not sure

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