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of <h1>Rule 298: Registrar Must Manage LLP Liquidation Accounts, Maintain Separate Records During Winding-up Process</h1> Rule 298 of the Limited Liability Partnership (Winding up and Dissolution) Rules, 2010 mandates that the LLP Liquidation account be managed by the Registrar. The Registrar is responsible for maintaining separate accounts for each LLP whose unpaid distributable sums or undistributed assets are deposited in the liquidation account during the winding-up process.
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