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)
Annual accounts obligation requires LLP liquidators to prepare, verify and file statements and permit creditor inspection. Rule 56 requires LLP liquidators to prepare and verify annual statements of accounts as at 31 March, file an affidavit if there were no receipts or payments, and obtain a Chartered Accountant audit unless transactions fall below the specified small-transaction threshold. Where audit is dispensed with, the liquidator must declare responsibility for maintaining books and for using funds solely for winding up. Statements with the auditor's report must be filed with the Tribunal in Tribunal-ordered winding up and with the Registrar in all windings; creditors and partners may inspect or obtain copies on payment of the prescribed fee, and fraudulent claims to inspect attract penal consequences.
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.
Annual accounts obligation requires LLP liquidators to prepare, verify and file statements and permit creditor inspection.
Rule 56 requires LLP liquidators to prepare and verify annual statements of accounts as at 31 March, file an affidavit if there were no receipts or payments, and obtain a Chartered Accountant audit unless transactions fall below the specified small-transaction threshold. Where audit is dispensed with, the liquidator must declare responsibility for maintaining books and for using funds solely for winding up. Statements with the auditor's report must be filed with the Tribunal in Tribunal-ordered winding up and with the Registrar in all windings; creditors and partners may inspect or obtain copies on payment of the prescribed fee, and fraudulent claims to inspect attract penal consequences.
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