Proceedings and Procedures - Proxies in relation to meetings in winding-up by Tribunal and to meetings of creditors in a voluntary winding-upLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Proxies in relation to meetings in winding-up by Tribunal and to meetings of creditors in a voluntary winding-upLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Petition for winding up: who may apply and the procedural admissibility and leave requirements for petitions. Petitioners entitled to apply for winding up of an LLP include the LLP, any partner, secured creditors (including contingent or prospective creditors), ... Summary
Petition for winding up: who may apply and the procedural admissibility and leave requirements for petitions.
Petitioners entitled to apply for winding up of an LLP include the LLP, any partner, secured creditors (including contingent or prospective creditors), the Registrar, persons authorised by the Central Government, and the Central Government in specified cases; partners may petition despite full contribution or lack of distributable assets. The Registrar's petitions require prior Central Government sanction and must rest on accounts or an inspector's report indicating inability to pay. Petitions by the LLP or partners must include a statement of affairs and a three fourths partner resolution; contingent or prospective creditor petitions need the Tribunal's leave and reasonable security for costs where a prima facie case exists.
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