X and Y partners of a ZK LLP undertakes ₹ 2,50,000/- each in the total contribution of ₹ 5,00,000 of the firm. X transferred the amount of ₹ 2,75,000/- in ZK LLP's bank account as the contribution. Referring the relevant

As per the provisions of Section 33 of Limited Liability Partnership Act, 2008, the obligation of a partner to contribute money or other property or other benefit or to perform services for a limited liability partnership shall be as per the limited liability partnership agreement. The contribution to the capital of LLP by each partner shall be as per the subscriber sheet being filed by the Company with the Registrar of Companies at the time of its Incorporation and it shall be mentioned in the LLP agreement filled with the Registrar of Companies. As both the partners X and Y undertake ₹ 2,50,000/- each i.e. in equal proportion in the total contribution of ₹ 5 lakhs of the firm. The contribution of Y will be ₹ 2,50,000/- in LLP.