Investigation powers for limited liability partnerships allow inspectors to be appointed when partners or credible reports show misconduct. Investigation powers permit appointment of competent inspectors to inquire into a limited liability partnership's affairs and report as directed. Appointment follows an order by an adjudicatory body or court, or may be made by the Central Government on applications by not less than one-fifth of partners with prescribed evidence and security, by the partnership itself, or when circumstances or regulator reports suggest fraudulent conduct, oppression, noncompliance with the Act, or other sufficient reasons for investigation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investigation powers for limited liability partnerships allow inspectors to be appointed when partners or credible reports show misconduct.
Investigation powers permit appointment of competent inspectors to inquire into a limited liability partnership's affairs and report as directed. Appointment follows an order by an adjudicatory body or court, or may be made by the Central Government on applications by not less than one-fifth of partners with prescribed evidence and security, by the partnership itself, or when circumstances or regulator reports suggest fraudulent conduct, oppression, noncompliance with the Act, or other sufficient reasons for investigation.
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