Limited Liability Partnership Act, 2008
Section 32 -
Form of contribution
1.
A
contribution of a partner may consist of tangible, movable or immovable or
intangible property or other benefit to the limited liability partnership,
including money, promissory notes, other agreements to contribute cash or
property, and contracts for services performed or to be performed.
2.
The
monetary value of contribution of each partner shall be accounted for and
disclosed in the accounts of the limited liability partnership in the manner as
may be prescribed.