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of <h1>Rule 35 LLP Rules 2009: Procedures for Compromise, Arrangement, or Reconstruction; Meeting Requirements and Tribunal Approval Explained</h1> Rule 35 of the Limited Liability Partnership Rules, 2009, outlines the procedures for compromise, arrangement, or reconstruction of LLPs. An application for convening a meeting of creditors or partners must be supported by an affidavit and served to relevant parties 14 days before the hearing. The Tribunal provides directions on meeting logistics, including voting by proxy. Notices must be sent 21 days prior, and results reported to the Tribunal. If a compromise is agreed upon, a petition for confirmation must be filed. Provisions for revival and rehabilitation are detailed, including the appointment of an LLP Administrator and procedures for Tribunal approval.
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