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)
Committee of inspection governs LLP winding up oversight, membership, quorum, vacancies, conflicts, and remuneration controls. Appointment and composition of a Committee of Inspection govern oversight of an LLP during winding up. The Tribunal may appoint the Committee; membership comprises creditors and partners or their attorneys, with the liquidator convening meetings to determine members and reporting results to the Tribunal. The Committee meets as required, acts by majority with a prescribed quorum, and members may resign, be removed, or vacate office on insolvency, compounding, or unexcused absence. Vacancies are to be filled by meetings unless the Tribunal orders otherwise. Members and the liquidator are barred from purchasing LLP assets or profiting from winding-up without Tribunal leave, and Tribunal sanction is required for special-service remuneration.
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.
Committee of inspection governs LLP winding up oversight, membership, quorum, vacancies, conflicts, and remuneration controls.
Appointment and composition of a Committee of Inspection govern oversight of an LLP during winding up. The Tribunal may appoint the Committee; membership comprises creditors and partners or their attorneys, with the liquidator convening meetings to determine members and reporting results to the Tribunal. The Committee meets as required, acts by majority with a prescribed quorum, and members may resign, be removed, or vacate office on insolvency, compounding, or unexcused absence. Vacancies are to be filled by meetings unless the Tribunal orders otherwise. Members and the liquidator are barred from purchasing LLP assets or profiting from winding-up without Tribunal leave, and Tribunal sanction is required for special-service remuneration.
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