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)
Liquidator deposit obligations require designated bank account deposits; penalties and removal may follow for undue retention. Every LLP Liquidator must deposit monies received into a special bank account in a Scheduled bank as specified in Part VI, subject to the Tribunal permitting another bank if advantageous. Retention beyond ten days of sums exceeding the statutory threshold triggers liability to pay interest on the excess and a Tribunal-determined penalty, reimbursement of expenses caused by the default, and possible disallowance of remuneration or removal from office; the Tribunal may authorize a different retention amount on application.
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.
Liquidator deposit obligations require designated bank account deposits; penalties and removal may follow for undue retention.
Every LLP Liquidator must deposit monies received into a special bank account in a Scheduled bank as specified in Part VI, subject to the Tribunal permitting another bank if advantageous. Retention beyond ten days of sums exceeding the statutory threshold triggers liability to pay interest on the excess and a Tribunal-determined penalty, reimbursement of expenses caused by the default, and possible disallowance of remuneration or removal from office; the Tribunal may authorize a different retention amount on application.
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