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        LLP

        Rule 288 - Investment of surplus funds.

        Limited Liability Partnership (Winding up and Dissolution) Rules, 2012
        Chapter 01

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        Investment of surplus funds allowed in government securities or scheduled bank deposits; prior investment rules apply. Moneys in the liquidation account not immediately required for winding up must be invested by the LLP liquidator in Government securities or interest-bearing deposits in a Scheduled Bank; Rules 258 to 262 apply mutatis mutandis to such investments, importing their procedural and prudential safeguards.
                          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.

                                Investment of surplus funds allowed in government securities or scheduled bank deposits; prior investment rules apply.

                                Moneys in the liquidation account not immediately required for winding up must be invested by the LLP liquidator in Government securities or interest-bearing deposits in a Scheduled Bank; Rules 258 to 262 apply mutatis mutandis to such investments, importing their procedural and prudential safeguards.


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