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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.



Learning

 1 Replies

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

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


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