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of <h1>Rule 205: Partners and Officers Must Surrender LLP Assets to Liquidator Upon Notice During Winding-Up Process.</h1> In the event of a winding-up of a Limited Liability Partnership (LLP) by Tribunal order, Rule 205 of the Limited Liability Partnership (Winding up and Dissolution) Rules, 2010 mandates that any partner, trustee, receiver, banker, agent, or officer must, upon notice from the Liquidator, promptly surrender any money, property, or documents belonging to the LLP. If the individual fails to comply with this notice, the Liquidator is authorized to seek appropriate orders from the Tribunal. The notice must be issued in Form No. 62.
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