Declaration of solvency: designated partners confirm LLP can pay debts within specified period and attach assets-liabilities statement. Designated partners must make a full enquiry and declare that the LLP can pay its debts in full within a specified period of voluntary winding-up, ... Summary
Limited Liability Partnership (Winding up and Dissolution) Rules, 2012
Declaration of solvency: designated partners confirm LLP can pay debts within specified period and attach assets-liabilities statement.
Designated partners must make a full enquiry and declare that the LLP can pay its debts in full within a specified period of voluntary winding-up, attaching a statement of assets and liabilities (showing book value and valuer's value) and a valuation report; the declaration must be dated, signed by designated partners and attested before a Commissioner for Oaths or Notary Public, and the statement must list specified asset and liability categories and show totals and an estimated surplus.
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