Proceedings and Procedures - Application against delinquent partners, designated partners and officers of the LLPLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Application against delinquent partners, designated partners and officers of the LLPLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Statement of affairs requirement: LLPs must file prescribed affairs statements when winding up petitions proceed or forfeit opposition rights. Where a third-party petition for winding up is admitted, the Tribunal may direct the LLP to file objections and a Statement of Affairs in the prescribed ... Summary
Statement of affairs requirement: LLPs must file prescribed affairs statements when winding up petitions proceed or forfeit opposition rights.
Where a third-party petition for winding up is admitted, the Tribunal may direct the LLP to file objections and a Statement of Affairs in the prescribed form; failure to file forfeits the LLP's right to oppose. Following a winding up order or provisional liquidator appointment, a Statement of Affairs must be filed with the Liquidator within the prescribed period, subject to limited extensions for special reasons. Partners and officers responsible for accounts must complete and audit the LLP's accounts up to the winding up date and submit the accounts and statement of affairs at the LLP's cost.
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