Section 29 of LLP Act, 2008 : Section 29: Holding Out
LLP Act, 2008
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Explanation using Example
Example of Section 29(1): Imagine Jane, who is not an actual partner, tells her friends and associates that she is a partner in XYZ LLP and even hands out business cards with this information. Based on this, Alex, who believes Jane's claim, decides to provide services to XYZ LLP on credit. Later, XYZ LLP refuses to pay for the services, arguing that they never authorized Jane to make such representations. Under Section 29(1), Jane co...
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