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)
Resignation of LLP liquidator: acceptance by partners and creditors by majority or Tribunal determination required. An LLP liquidator seeking resignation must summon separate meetings of partners and creditors to decide acceptance; if accepted by majority the resignation takes effect, otherwise the liquidator must report to the Tribunal and apply for orders, with the Tribunal empowered to determine acceptance and give directions. The liquidator must submit an account of acts and a statement of the liquidation position in a form similar to rule 56 from the last statement or appointment to the resignation date. Expenses of meetings and Tribunal application are part of liquidation expenses.
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.
Resignation of LLP liquidator: acceptance by partners and creditors by majority or Tribunal determination required.
An LLP liquidator seeking resignation must summon separate meetings of partners and creditors to decide acceptance; if accepted by majority the resignation takes effect, otherwise the liquidator must report to the Tribunal and apply for orders, with the Tribunal empowered to determine acceptance and give directions. The liquidator must submit an account of acts and a statement of the liquidation position in a form similar to rule 56 from the last statement or appointment to the resignation date. Expenses of meetings and Tribunal application are part of liquidation expenses.
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