Partner approval enables voluntary winding up; creditors' consent required where creditors exist, and resolution must be filed promptly. An LLP may be wound up voluntarily if a resolution to wind up is passed with at least three-fourths partner approval; if the LLP has creditors, their ... Summary
Partner approval enables voluntary winding up; creditors' consent required where creditors exist, and resolution must be filed promptly.
An LLP may be wound up voluntarily if a resolution to wind up is passed with at least three-fourths partner approval; if the LLP has creditors, their approval is required under rule 7; and a copy of the resolution must be filed with the Registrar within thirty days in Form No. 1.
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