Section 32: Form of contribution.

Q: What does Section 32 of The Limited Liability Partnership Act, 2008 (LLP Act) deal with?

Section 32 LLP Act pertains to "Form of contribution.". It is part of the The Limited Liability Partnership Act, 2008, a legislation enacted by the Parliament of India. Section 32 of The Limited Liability Partnership Act, 2008 (LLP Act) governs form of contribution. As verified on 19 May 2026.

Q: Is Section 32 LLP Act still in force?

Yes, Section 32 of the The Limited Liability Partnership Act, 2008 is currently in force across the Republic of India.

Q: What is धारा 32 LLP Act?

धारा 32 LLP Act is the Devanagari Hindi reference for Section 32 of the The Limited Liability Partnership Act, 2008. Section 32 of The Limited Liability Partnership Act, 2008 (LLP Act) governs form of contribution. As verified on 19 May 2026.

Q: What is Dhara 32 LLP Act?

Dhara 32 LLP Act is the Roman Hindi reference for Section 32 of the The Limited Liability Partnership Act, 2008. "Dhara" means "Section" in Hindi. Section 32 of The Limited Liability Partnership Act, 2008 (LLP Act) governs form of contribution. As verified on 19 May 2026.

Q: How to cite Section 32 of The Limited Liability Partnership Act, 2008?

Cite as: "Section 32, The Limited Liability Partnership Act, 2008 (LLP Act)" in legal briefs. For academic writing, use the BlueBook format: The Limited Liability Partnership Act, 2008, § 32 (India).

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(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.