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        LLP

        Rule 59 - Liquidator or LLP Liquidator not to deposit monies into private bank account.

        Limited Liability Partnership (Winding up and Dissolution) Rules, 2012
        Chapter 01

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        Prohibition on private-bank deposits for liquidators requires all received LLP winding-up funds to be kept out of personal accounts. Liquidators, including LLP Liquidators, are expressly prohibited from depositing monies received in their official capacity into any private bank account, requiring funds held by a liquidator to be kept separate from personal finances to prevent commingling and preserve custody integrity during LLP winding up.
                          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.

                                Prohibition on private-bank deposits for liquidators requires all received LLP winding-up funds to be kept out of personal accounts.

                                Liquidators, including LLP Liquidators, are expressly prohibited from depositing monies received in their official capacity into any private bank account, requiring funds held by a liquidator to be kept separate from personal finances to prevent commingling and preserve custody integrity during LLP winding up.


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