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)
Dissolution of LLP requires a liquidator's report and partner or creditor approval, failing which an adjudicatory determination is sought. Dissolution follows completion of winding up and a Form No. 9 report by the LLP Liquidator showing disposal of assets and discharge of debts; approval of that report and the final accounts by two thirds of partners or two thirds in value of creditors is required (via meeting or circulation with specified 30 day clarification periods). If approval cannot be obtained, the liquidator must seek a Tribunal determination. After resolution, the liquidator files Form No. 10 and an application for dissolution, obtains a Tribunal order, files Form No. 11 with the Registrar, and the Registrar publishes dissolution in the Official Gazette.
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.
Dissolution of LLP requires a liquidator's report and partner or creditor approval, failing which an adjudicatory determination is sought.
Dissolution follows completion of winding up and a Form No. 9 report by the LLP Liquidator showing disposal of assets and discharge of debts; approval of that report and the final accounts by two thirds of partners or two thirds in value of creditors is required (via meeting or circulation with specified 30 day clarification periods). If approval cannot be obtained, the liquidator must seek a Tribunal determination. After resolution, the liquidator files Form No. 10 and an application for dissolution, obtains a Tribunal order, files Form No. 11 with the Registrar, and the Registrar publishes dissolution in the Official Gazette.
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