Proceedings and Procedures - Filing, audit and inspection of the liquidator’s accountLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Filing, audit and inspection of the liquidator’s accountLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Rule 206 - Liquidator to realize unrealized contribution etc.
Limited Liability Partnership (Winding up and Dissolution) Rules, 2010 Chapter VI Proceedings and Procedures - Monies due from partners in a winding up by the Tribunal including outstanding contribution, etc.
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Liquidator recovery of unrealized contributions: entitlement to collect partners' outstanding contributions free from charge. Liquidator is empowered to recover from any partner any unpaid obligation to contribute, including unrealized or outstanding contributions from contracts ... Summary
Liquidator recovery of unrealized contributions: entitlement to collect partners' outstanding contributions free from charge.
Liquidator is empowered to recover from any partner any unpaid obligation to contribute, including unrealized or outstanding contributions from contracts for services, agreements to contribute, or other events; this power operates notwithstanding any charge or encumbrance on the contribution, and amounts realized are treated as collection of the LLP's assets free from charge.
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