LAW Courses

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Rishiraj Jadhav   28 October 2021

Can a llp transfer profits to foreign partners mid year

While we are aware Profit can be transferred to the partners basis the audited financials of the LLP. 
Can a LLP transfer the profits for the mid year for unaudited profit amount generated say from April'21 to Sept'21. If yes, plz share details on the process if different. Thank you.

 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     28 October 2021

board of directors resolution is to be passed for distribution of profits

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Post a Suggestion for LCI Team
Post a Legal Query