Rule 23 - Contribution of partner - Limited Liability Partnership Rules, 2009

CHAPTER VI Form of Contribution 23 (1) The contribution of each partner shall be accounted for and disclosed in the Accounts of the LLP along with nature of contribution and amount. (2) The contribution of a partner consisting of tangible, movable or immovable or intangible property or other benefits brought or contribution by way of an agreement or contract for services shall be valued by a practising Chartered Accountant or by a practising Cost Accountant or by approved valuer from the panel maintained by the Central Government.