PENALTIES

S. No.	Particulars	Fine Amount
Penalties Pertaining to Designated Partner
1	If the number of designated partners falls below the minimum requirement of 2 people	LLP and every partner shall be punishable with a fine not less than 10,000 up to  5,00,000
2	If the LLP fails to provide particulars of every individual who gives consent to act as designated partner within 30 days of his appointment	LLP and every partner shall be punishable with a fine not less than 10,000 up to  1,00,000
3	Non compliance of duties as a designated partner	LLP and every partner shall be punishable with a fine not less than 10,000 up to  1,00,000
4	If the LLP fails to appoint a designated partner within 30 days of a vacancy	LLP and every partner shall be punishable with a fine not less than 10,000 up to  1,00,000
5	If the LLP fails to inform the registrar within 30 days about cessation of a partner or change in name/ address of a partner.	LLP and every partner shall be punishable with a fine not less than 2,000 up to  25,000