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of <h1>Rule 298: Registrar Must Manage LLP Liquidation Accounts, Maintain Separate Accounts for Each LLP's Unpaid Distributable Sums.</h1> Rule 298 of the Limited Liability Partnership (Winding up and Dissolution) Rules, 2012, mandates that the LLP Liquidation account be managed by the Registrar. The Registrar is responsible for maintaining separate accounts for each LLP within their office. These accounts pertain to LLPs whose unpaid distributable sums or undistributed assets are deposited into the liquidation account.
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