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
LLP liquidator insolvency triggers automatic vacation of office and deemed removal under the LLP winding up rules. Where an adjudication of insolvency is made against an LLP liquidator, the liquidator vacates office and, for purposes of the Act and Rules, is deemed ... Summary
LLP liquidator insolvency triggers automatic vacation of office and deemed removal under the LLP winding up rules.
Where an adjudication of insolvency is made against an LLP liquidator, the liquidator vacates office and, for purposes of the Act and Rules, is deemed removed, creating an automatic vacancy that necessitates subsequent appointment or procedural response under the winding up framework.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.