Section 39 of LLP Act, 2008 : Section 39: Compounding Of Offences

LLP Act, 2008

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Explanation using Example

Imagine a scenario where XYZ LLP, a limited liability partnership, failed to file its annual returns with the Registrar of Companies within the stipulated time frame, which is an offence under the Limited Liability Partnership Act, 2008, punishable with a fine. Instead of taking the matter to court, the Regional Director, who is authorised by the Central Government, offers XYZ LLP the opportunity to compound the offence. XYZ LLP agrees to pay a sum determined by the Regional Director, which is within the range of the minimum and maximum fines applicable for t...

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