https://www.taxtmi.com/acts?id=13331 Appointment and composition of a Committee of Inspection govern oversight of an LLP during winding up. The Tribunal may appoint the Committee; membership comprises creditors and partners or their attorneys, with the liquidator convening meetings to determine members and reporting results to the Tribunal. The Committee meets as required, acts by majority with a prescribed quorum, and members may resign, be removed, or vacate office on insolvency, compounding, or unexcused absence. Vacancies are to be filled by meetings unless the Tribunal orders otherwise. Members and the liquidator are barred from purchasing LLP assets or profiting from winding-up without Tribunal leave, and Tribunal sanction is required for special-service remuneration. en-us Thu, 26 May 2011 12:16:55 +0530 Tue, 25 Jun 2024 13:08:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13331 Appointment and composition of a Committee of Inspection govern oversight of an LLP during winding up. The Tribunal may appoint the Committee; membership comprises creditors and partners or their attorneys, with the liquidator convening meetings to determine members and reporting results to the Tribunal. The Committee meets as required, acts by majority with a prescribed quorum, and members may resign, be removed, or vacate office on insolvency, compounding, or unexcused absence. Vacancies are to be filled by meetings unless the Tribunal orders otherwise. Members and the liquidator are barred from purchasing LLP assets or profiting from winding-up without Tribunal leave, and Tribunal sanction is required for special-service remuneration. Act-Rules LLP Thu, 26 May 2011 12:16:55 +0530 https://www.taxtmi.com/acts?id=13331