Settlement of partners list: liquidator fixes hearing to finalise partner contribution records unless cause is shown. A liquidator fixes a hearing to settle the list of Partners in an LLP winding up under the Limited Liability Partnership Act, 2008, notifying partners included in the provisional list that they must show cause at the specified time and place to contest inclusion; otherwise the list will be settled as drawn. The notice specifies required list entries-serial number, name and address, form of contribution, contributions up to and after commencement, totals, and outstanding contributions-and states that partners need not attend if satisfied and may notify address changes by post.
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.
Settlement of partners list: liquidator fixes hearing to finalise partner contribution records unless cause is shown.
A liquidator fixes a hearing to settle the list of Partners in an LLP winding up under the Limited Liability Partnership Act, 2008, notifying partners included in the provisional list that they must show cause at the specified time and place to contest inclusion; otherwise the list will be settled as drawn. The notice specifies required list entries-serial number, name and address, form of contribution, contributions up to and after commencement, totals, and outstanding contributions-and states that partners need not attend if satisfied and may notify address changes by post.
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 
