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of <h1>LLP Dissolution Process: Liquidator Prepares Report, Seeks Approval, Tribunal Decides if Needed, Published in Official Gazette.</h1> The dissolution of a Limited Liability Partnership (LLP) involves the LLP Liquidator preparing a report detailing the winding-up process, asset disposal, and debt discharge. Approval from partners or creditors is sought through meetings or circulation of resolutions. If two-thirds of partners or creditors approve, a resolution for dissolution is passed. If approval is not obtained, the Tribunal decides. The LLP Liquidator then submits the final accounts and report to the Registrar and Tribunal. Upon Tribunal approval, an order for dissolution is issued, filed with the Registrar, and published in the Official Gazette. If winding up exceeds a year, the Tribunal is consulted for directions.
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