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of <h1>LLP Winding Up: Liquidator Fees Capped at 5% of Debt Recovery and Asset Sales, Paid by October 30th</h1> In cases of winding up a Limited Liability Partnership (LLP), fees must be credited to the Central Government from the LLP's assets. The Official Liquidator, acting as Liquidator, is entitled to remuneration approved by the Tribunal, capped at 5% of debt recovery and asset sale values. Fees vary based on roles, such as Provisional Liquidator or trustee, and are calculated on asset realizations and distributions. The Tribunal determines fees for special duties or additional liquidators, considering specific circumstances like LLP reconstruction or voluntary winding-up. All fees must be paid by October 30th for the previous fiscal period.
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