LLP Liquidator filing obligations: failure to comply permits Tribunal to order rectification and allocate costs. LLP liquidators must file, deliver or make all required reports, statements of accounts, documents and notices within prescribed times; the Central Government may notify additional requirements and timeframes. If a liquidator defaults and fails to remedy the default within fourteen days after notice, the Tribunal may, on application by a partner, creditor or the Registrar, order the liquidator to make good the default within a specified time and may direct that the costs of the application be borne by the liquidator. This rule preserves any statutory penalties applicable to such defaults.
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.
LLP Liquidator filing obligations: failure to comply permits Tribunal to order rectification and allocate costs.
LLP liquidators must file, deliver or make all required reports, statements of accounts, documents and notices within prescribed times; the Central Government may notify additional requirements and timeframes. If a liquidator defaults and fails to remedy the default within fourteen days after notice, the Tribunal may, on application by a partner, creditor or the Registrar, order the liquidator to make good the default within a specified time and may direct that the costs of the application be borne by the liquidator. This rule preserves any statutory penalties applicable to such defaults.
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