https://www.taxtmi.com/acts?id=13350 Every LLP Liquidator must deposit monies received into a special bank account in a Scheduled bank as specified in Part VI, subject to the Tribunal permitting another bank if advantageous. Retention beyond ten days of sums exceeding the statutory threshold triggers liability to pay interest on the excess and a Tribunal-determined penalty, reimbursement of expenses caused by the default, and possible disallowance of remuneration or removal from office; the Tribunal may authorize a different retention amount on application. en-us Thu, 26 May 2011 13:09:24 +0530 Tue, 25 Jun 2024 14:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=13350 Every LLP Liquidator must deposit monies received into a special bank account in a Scheduled bank as specified in Part VI, subject to the Tribunal permitting another bank if advantageous. Retention beyond ten days of sums exceeding the statutory threshold triggers liability to pay interest on the excess and a Tribunal-determined penalty, reimbursement of expenses caused by the default, and possible disallowance of remuneration or removal from office; the Tribunal may authorize a different retention amount on application. Act-Rules LLP Thu, 26 May 2011 13:09:24 +0530 https://www.taxtmi.com/acts?id=13350