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of <h1>Tribunal Can Appoint Inspection Committee During LLP Winding Up; Includes Creditors and Partners, Limits on Profits Apply</h1> The Tribunal may appoint a Committee of Inspection during the winding up of a Limited Liability Partnership (LLP) to assist the liquidator. This committee, comprising up to twelve members, includes creditors, partners, or their representatives. The liquidator must organize a meeting within thirty days of the winding-up order to determine committee members. Meetings require a quorum of one-third or two members, whichever is higher. Members may resign or be removed, and vacancies are filled unless deemed unnecessary by the Tribunal. Members cannot profit from LLP assets without Tribunal approval. The Tribunal may sanction payments for special services rendered by committee members.
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