Section 750 CAMA 2020

Section 750 Companies and Allied Matters Act is about Liabilities of designated partners. It is under Chapter 1 (Nature of limited liability partnership) of the Act.

Unless expressly provided otherwise in this Act, a designated partner is—

(a) responsible for the doing of all acts, matters and things as are required to be done by the limited liability partnership in respect of compliance of the provisions of this Act including filing of any document, return, statement and other report under this Act and as may be specified in the limited liability partnership agreement ; and

(b) liable to all penalties imposed on the limited liability partnership for any contravention of those provisions.