Proceedings and Procedures - Collection and distribution of assets in a winding-up by TribunalLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Collection and distribution of assets in a winding-up by TribunalLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Rule 197 - Holder of proxy not to vote on matter in which he is financially interested
Limited Liability Partnership (Winding up and Dissolution) Rules, 2010 Chapter VI Proceedings and Procedures - Proxies in relation to meetings in winding-up by Tribunal and to meetings of creditors in a voluntary winding-up
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Proxy voting restrictions: proxy barred from approving resolutions granting remuneration from LLP assets to themselves or associates. Proxy voting restrictions bar any person acting under a general or special proxy from voting for a resolution that would directly or indirectly permit the ... Summary
Proxy voting restrictions: proxy barred from approving resolutions granting remuneration from LLP assets to themselves or associates.
Proxy voting restrictions bar any person acting under a general or special proxy from voting for a resolution that would directly or indirectly permit the proxy, their partner, or employer to receive remuneration from LLP assets, except insofar as such payment is due to them as a creditor distributed ratably with other creditors; the rule applies to meetings in winding up by tribunal and creditors' meetings in a voluntary winding up.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.