Statement of affairs filing required on Tribunal direction; failure to file forfeits the LLP's right to oppose the petition. Directions require an LLP to file a statement of affairs and any objections in the Part VI form when a third-party winding up petition shows a prima facie case; the Tribunal may require security for costs. Failure to file forfeits the LLP's right to oppose. After a winding up order or provisional liquidator appointment, a Statement as to affairs must be filed with the Liquidator from the relevant date within the prescribed period, subject to a limited extension. Partners and officers must complete and audit accounts under the Limited Liability Partnership Rules, 2009 and submit the audited accounts and statement of affairs, at the LLP's cost.
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.
Statement of affairs filing required on Tribunal direction; failure to file forfeits the LLP's right to oppose the petition.
Directions require an LLP to file a statement of affairs and any objections in the Part VI form when a third-party winding up petition shows a prima facie case; the Tribunal may require security for costs. Failure to file forfeits the LLP's right to oppose. After a winding up order or provisional liquidator appointment, a Statement as to affairs must be filed with the Liquidator from the relevant date within the prescribed period, subject to a limited extension. Partners and officers must complete and audit accounts under the Limited Liability Partnership Rules, 2009 and submit the audited accounts and statement of affairs, at the LLP's cost.
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