Proceedings and Procedures - Petition for Winding up, Provisional Liquidator, Winding up Order, and Statement of Affairs,Limited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Petition for Winding up, Provisional Liquidator, Winding up Order, and Statement of Affairs,Limited Liability Partnership (Winding up and Dissolution) Rules, 2010
Limited Liability Partnership (Winding up and Dissolution) Rules, 2010 Chapter VI Proceedings and Procedures - Filing, audit and inspection of the liquidator’s account
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Audit requirement for liquidator accounts: qualified auditor and information provision; exemption for low-value transactions and declaration obligation. Rule 266 requires that a liquidator's accounts be audited by a person qualified to act as auditor of the LLP, with the liquidator furnishing any ... Summary
Audit requirement for liquidator accounts: qualified auditor and information provision; exemption for low-value transactions and declaration obligation.
Rule 266 requires that a liquidator's accounts be audited by a person qualified to act as auditor of the LLP, with the liquidator furnishing any information the auditor may require; however, where transactions during the period are below a low-value threshold, an audit is not required and the statements of accounts must instead include a declaration by the liquidator that books are properly maintained and funds used only for winding up.
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