Section 8 of LLP Act, 2008 : Section 8: Liabilities Of Designated Partners

LLP Act, 2008

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Explanation using Example

Imagine a scenario where "XYZ Design Studio LLP," a Limited Liability Partnership, needs to file its Annual Returns with the Registrar of Companies (RoC). According to Section 8 of The Limited Liability Partnership Act, 2008, John Doe, who is a designated partner in XYZ Design Studio LLP, is responsible for ensuring the filing is done within the prescribed time. If John fails to comply with this responsibility and the LLP misses the deadline, he will be held accountable for the non-compliance, and may face penalties as specified by the Act.

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