Harish, Priyam and Priyesh are three advertising professionals specialized in the field of creating short advertisement films for various Fast…

(i) As per section 23 of the Limited Liability Partnership Act (LLP), 2008, the LLP agreement shall be in writing and filed with the Registrar in such form and manner as may be prescribed. As per Rule 21 of the LLP Rules, 2009, every limited liability partnership shall file information with regard to the limited liability partnership agreement in Form 3 with the Registrar within thirty days of the date of incorporation. Proviso to the above rule also specifies that changes, if any, made therein shall be filed with the Registrar within thirty days of such change. In terms of the above provisions, the Registrar will accept the LLP agreement which has been submitted after 20 days of incorporation in compliance with law. (ii) According to section 32 (1) of the Limited Liability Partnership Act, 2008, a contribution of a partner of the LLP may consist of tangible, movable or immovable or intangible property or other benefit to the limited liability partnership, including money, promissory notes, other agreements to contribute cash or property, and contracts for services performed or to be performed. Thus, Priyesh's plea for contributing his future services for one year to the LLP as his capital contribution is tenable and therefore the other partners are not correct in opposing to Mr. Priyesh for the same. (iii) According to section 5 of the Limited Liability Partnership Act, 2008, any individual or body corporate may be a partner in a LLP. The definition of body corporate as given under the LLP Act, 2008, does not include a co-operative society registered under any law for the time being in force. Hence, Srijan Cooperative Society cannot be inducted as a partner in LLP.