https://www.taxtmi.com/article/detailed?id=265 Chapter XII provides a statutory framework where the Tribunal may convene creditor or partner meetings and, upon approval by a prescribed majority and Tribunal sanction, make compromises or arrangements binding on all parties. The applicant must disclose all material facts and financial position; sanctioned orders must be filed with the Registrar within thirty days or incur fines. The Tribunal may supervise, amend or, if necessary, wind up the LLP, and may direct transfers of undertaking, property and liabilities to effect reconstruction or amalgamation, subject to Registrar and Official Liquidator reports. en-us Thu, 15 Jan 2009 00:00:00 +0530 Thu, 10 Dec 2009 21:35:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=265 Chapter XII provides a statutory framework where the Tribunal may convene creditor or partner meetings and, upon approval by a prescribed majority and Tribunal sanction, make compromises or arrangements binding on all parties. The applicant must disclose all material facts and financial position; sanctioned orders must be filed with the Registrar within thirty days or incur fines. The Tribunal may supervise, amend or, if necessary, wind up the LLP, and may direct transfers of undertaking, property and liabilities to effect reconstruction or amalgamation, subject to Registrar and Official Liquidator reports. Articles Limited Liability Partnership - LLP Thu, 15 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=265