Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Liquidator Duties Under LLP Winding Up Rules: Settle Creditors, Maintain Accounts, Pay Debts, Adjust Partners' Rights.</h1> The LLP Liquidator is responsible for executing duties as determined by the LLP or its creditors. These include settling the list of creditors or partners, which serves as evidence of their liabilities, obtaining necessary approvals from partners or creditors, maintaining accurate books of accounts for inspection, paying the LLP's debts, and adjusting partners' rights. The liquidator is also required to exercise due care and diligence in fulfilling these responsibilities, as outlined in the Limited Liability Partnership (Winding up and Dissolution) Rules, 2012.