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)
Distributable sum account requirement ensures liquidator must hold and disburse declared sums from dedicated bank account. Rule 255 requires the liquidator to open a separate Distributable Sum Account for each LLP and for each declaration of distributable sum, deposit the declared total by transfer from his account with the Reserve Bank of India or designated bank, make all distributable payments from that account, and transfer any unpaid balance back to the liquidator's account before paying it into the LLP's liquidation account as unclaimed distributable sums; payments above the specified monetary threshold are ordinarily made by cheque.
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.
Distributable sum account requirement ensures liquidator must hold and disburse declared sums from dedicated bank account.
Rule 255 requires the liquidator to open a separate Distributable Sum Account for each LLP and for each declaration of distributable sum, deposit the declared total by transfer from his account with the Reserve Bank of India or designated bank, make all distributable payments from that account, and transfer any unpaid balance back to the liquidator's account before paying it into the LLP's liquidation account as unclaimed distributable sums; payments above the specified monetary threshold are ordinarily made by cheque.
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