Sales register requirement mandates recording property sale details and receipt of EMD by demand draft or cash. Form No. 87L prescribes a Sales Register for use under the LLP winding up rules to record property disposals, capturing LLP name, property description, ... Summary
Sales register requirement mandates recording property sale details and receipt of EMD by demand draft or cash.
Form No. 87L prescribes a Sales Register for use under the LLP winding up rules to record property disposals, capturing LLP name, property description, sale date and method, purchaser details, confirmation date and sale value, amounts of earnest money deposit or advance with date, balance realized and remarks. The Register is common to all liquidations administered by the Liquidator and entries must be made when sales occur. Payments received as E.M.D., advance or consideration are to be accepted only by demand draft or cash.
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