Provisional list of partners: Liquidator must file prescribed partner list after surplus arises, enabling return of assets. Where a surplus remains after payment to creditors and interest on winding up, partners are entitled to return of assets and the Liquidator must, unless the Tribunal dispenses, prepare and file with the Tribunal a provisional list of partners showing names, addresses and amounts of contribution within the prescribed period after confirmation of sale, in the prescribed form, subject to the Act and rules.
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.
Provisional list of partners: Liquidator must file prescribed partner list after surplus arises, enabling return of assets.
Where a surplus remains after payment to creditors and interest on winding up, partners are entitled to return of assets and the Liquidator must, unless the Tribunal dispenses, prepare and file with the Tribunal a provisional list of partners showing names, addresses and amounts of contribution within the prescribed period after confirmation of sale, in the prescribed form, subject to the Act and rules.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
