Liquidator obligation to deposit unclaimed distributable sums into public liquidation account; Registrar to record dissolution and receive compliance statement. Upon an order for dissolution the Liquidator must pay into the LLPs Liquidation Account in the public account of India any unclaimed or unpaid ... Summary
Liquidator obligation to deposit unclaimed distributable sums into public liquidation account; Registrar to record dissolution and receive compliance statement.
Upon an order for dissolution the Liquidator must pay into the LLPs Liquidation Account in the public account of India any unclaimed or unpaid distributable sums payable to creditors, undistributed or unpaid assets refundable to partners, and other balances directed by the Tribunal; within thirty days the Liquidator must forward the dissolution order to the Registrar in Form No. 11, who will minute the dissolution, and file a Liquidator's signed statement confirming compliance with the Tribunal's directions, excluding time to obtain a certified copy from the thirty day period.
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