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Issue ID: 106934
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Winding up of LLP

Date 20 Jun 2014
Replies 2 Replies
Views 1736 Views
Voluntary winding up of LLPs requires a partner supermajority resolution and creditor consent where creditors exist.
Voluntary winding up of an LLP requires passage of a resolution by a supermajority of partners; if the LLP has creditors, their approval is required under the dissolution rules; a copy of the resolution must be filed with the Registrar within thirty days in the prescribed form. (AI Summary)

Respected All,

Kindly explain me Is it possible as per LLP Act & Rules  to proceed for wind up of LLP by  only one Partner, if the another partner is not taking interest in its LLP to run or winding up and he is in abroad  too.

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