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
Disposal of LLP books and papers requires tribunal or partner approval and may be suspended by government notification. Disposal of LLP books and papers differs by mode of winding up: Tribunal-directed disposal where winding up is by the Tribunal; in voluntary winding up ... Summary
Disposal of LLP books and papers requires tribunal or partner approval and may be suspended by government notification.
Disposal of LLP books and papers differs by mode of winding up: Tribunal-directed disposal where winding up is by the Tribunal; in voluntary winding up disposal requires three fourths partner approval with prior consent of secured creditors. A five year post-dissolution limit removes responsibility for missing records. The Central Government may notify a prohibition on destruction for a period not exceeding five years from dissolution. Contravention is punishable with imprisonment up to six months, a fine up to fifty thousand rupees, or both.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.