Skip to content

Section 30 of LLP Act, 2008 : Section 30: Unlimited Liability In Case Of Fraud

The Limited Liability Partnership Act, 2008

CHAPTER V: EXTENT AND LIMITATION OF LIABILITY OF LIMITED LIABILITY PARTNERSHIP AND PARTNERS

Section 30: Unlimited Liability In Case Of Fraud

For complete and ad-free access to this Act with full section content, use KanoonGPT Pro .

Explanation using examples

Imagine a scenario where a Limited Liability Partnership (LLP), "TechAdventures LLP," has taken a substantial loan from a bank. One of the partners, John, intentionally inflates the company's assets and

 KanoonGPT Pro subscription unlocks you full and ad free access.