LLP liquidation account management requires the Registrar to operate and maintain separate accounts safeguarding unpaid distributable sums. The LLP Liquidation account is to be operated by the Registrar, who shall maintain in his office separate accounts for each LLP whose unpaid distributable sums or undistributed assets are deposited in the account, ensuring segregation and record-keeping during winding up.
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Provisions expressly mentioned in the judgment/order text.
LLP liquidation account management requires the Registrar to operate and maintain separate accounts safeguarding unpaid distributable sums.
The LLP Liquidation account is to be operated by the Registrar, who shall maintain in his office separate accounts for each LLP whose unpaid distributable sums or undistributed assets are deposited in the account, ensuring segregation and record-keeping during winding up.
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