Proceedings and Procedures - Payment of unclaimed distributable sums and undistributed assets into the LLPs liquidation account in a winding upLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Proceedings and Procedures - Payment of unclaimed distributable sums and undistributed assets into the LLPs liquidation account in a winding upLimited Liability Partnership (Winding up and Dissolution) Rules, 2010
Winding-up order enables appointment of liquidator and mandates service, advertisement, Registrar filing, and cost payment. The Tribunal orders winding-up of the LLP under the Act and Rules, appoints the Official Liquidator or a panel liquidator to take charge of all property ... Summary
Winding-up order enables appointment of liquidator and mandates service, advertisement, Registrar filing, and cost payment.
The Tribunal orders winding-up of the LLP under the Act and Rules, appoints the Official Liquidator or a panel liquidator to take charge of all property and effects, and directs service of a sealed copy of the order on the LLP. The petitioner must advertise the order in the prescribed form within fourteen days and serve a certified copy on the Registrar within one month. The petition costs are to be taxed and paid from the LLP's assets, and persons named in the Rules must attend and provide information to the liquidator when required.
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