Proceedings and Procedures - Monies due from partners in a winding up by the Tribunal including outstanding contribution, etc.Limited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Monies due from partners in a winding up by the Tribunal including outstanding contribution, etc.Limited Liability Partnership (Winding up and Dissolution) Rules, 2010
Distribution of property of LLP ensures assets satisfy liabilities pari passu, then distributed according to partners' rights. Subject to the Act and rules on overriding preferential payments, an LLP's assets on winding up are applied to satisfy liabilities pari passu and, unless ... Summary
Distribution of property of LLP ensures assets satisfy liabilities pari passu, then distributed according to partners' rights.
Subject to the Act and rules on overriding preferential payments, an LLP's assets on winding up are applied to satisfy liabilities pari passu and, unless the LLP agreement otherwise provides, remaining assets are distributed among partners according to their rights and interests in the LLP.
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