Chapter VI - Proceedings and Procedures - Petition for Winding up, Provisional Liquidator, Winding up Order, and Statement of Affairs, (From Rule 101 to Rule 110)
Chapter VI - Proceedings and Procedures - Meetings of creditors or partners in a winding up by Tribunal and of creditors in a voluntary winding up (From Rule 168 to Rule 190)
Chapter VI - Proceedings and Procedures - Proxies in relation to meetings in winding-up by Tribunal and to meetings of creditors in a voluntary winding-up (From Rule 191 to Rule 200)
Chapter VI - Proceedings and Procedures - Monies due from partners in a winding up by the Tribunal including outstanding contribution, etc. (From Rule 206 to Rule 209)
Chapter VI - Proceedings and Procedures - Examination of person suspected of having property of LLP etc. and examination of partners, designated partners, officers etc., in connection with the fruad etc. (From Rule 210 to Rule 224)
Chapter VI - Proceedings and Procedures - Application against delinquent partners, designated partners and officers of the LLP (From Rule 225 to Rule 234)
Chapter VI - Proceedings and Procedures - Payment of unclaimed distributable sums and undistributed assets into the LLPs liquidation account in a winding up (From Rule 296 to Rule 298)
Solvency declaration required for voluntary LLP winding up: majority designated partners must verify ability to pay debts, meet filing conditions. A majority of designated partners (at least two) must make a verified solvency declaration stating the LLP has no debts or can pay its debts within the specified period. The declaration takes effect only if filed with the Registrar in the prescribed form within the limited period before the winding up resolution, includes a statement that the winding up is not to defraud creditors, is accompanied by a Form No.4 statement of assets and liabilities attested by two designated partners, and by a valuation report where assets exist.
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.
Solvency declaration required for voluntary LLP winding up: majority designated partners must verify ability to pay debts, meet filing conditions.
A majority of designated partners (at least two) must make a verified solvency declaration stating the LLP has no debts or can pay its debts within the specified period. The declaration takes effect only if filed with the Registrar in the prescribed form within the limited period before the winding up resolution, includes a statement that the winding up is not to defraud creditors, is accompanied by a Form No.4 statement of assets and liabilities attested by two designated partners, and by a valuation report where assets exist.
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