Audit requirement for liquidator's accounts mandated, with small-transaction exemption and declaration when audit not required. Audit requirement for the liquidator's accounts mandates examination by a person qualified to act as auditor of the LLP and obliges the liquidator to furnish required information; a small-transaction exemption removes the audit obligation and, in that event, the statements must carry a declaration that books are properly maintained and funds were used solely for winding up the LLP.
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.
Audit requirement for liquidator's accounts mandated, with small-transaction exemption and declaration when audit not required.
Audit requirement for the liquidator's accounts mandates examination by a person qualified to act as auditor of the LLP and obliges the liquidator to furnish required information; a small-transaction exemption removes the audit obligation and, in that event, the statements must carry a declaration that books are properly maintained and funds were used solely for winding up the LLP.
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