Power to examine liquidators: government may compel examination and escalate investigations into LLP winding-up matters. The Central Government may require a liquidator of an LLP being wound up by the Tribunal to answer inquiries and may apply to the Tribunal to have the liquidator or any other person examined on oath. In voluntary winding up the liquidator must report suspected offences by past or present officers or members to the Registrar and provide relevant information and access to books and papers. The Registrar may refer reports to the Central Government, which will investigate and may seek a Tribunal order conferring investigatory powers on a designated person equivalent to those available in Tribunal windings-up.
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.
Power to examine liquidators: government may compel examination and escalate investigations into LLP winding-up matters.
The Central Government may require a liquidator of an LLP being wound up by the Tribunal to answer inquiries and may apply to the Tribunal to have the liquidator or any other person examined on oath. In voluntary winding up the liquidator must report suspected offences by past or present officers or members to the Registrar and provide relevant information and access to books and papers. The Registrar may refer reports to the Central Government, which will investigate and may seek a Tribunal order conferring investigatory powers on a designated person equivalent to those available in Tribunal windings-up.
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 
