https://www.taxtmi.com/article/detailed?id=997 Sections 60-62 provide a Tribunal supervised procedure for compromise, arrangement and reconstruction of LLPs: eligible applicants include the LLP, any partner, any creditor or a liquidator; meetings are directed by the Tribunal; approval requires three fourths in value of creditors or partners; the applicant must disclose all material facts; Tribunal sanctions bind all affected parties; sanctioned orders must be filed with the Registrar within thirty days to take effect; non filing attracts fines on the LLP and every designated partner; the Tribunal may stay proceedings and may make provision for transfer of property and liabilities in reconstruction or amalgamation. en-us Tue, 26 Oct 2010 16:11:40 +0530 Wed, 27 Oct 2010 08:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=997 Sections 60-62 provide a Tribunal supervised procedure for compromise, arrangement and reconstruction of LLPs: eligible applicants include the LLP, any partner, any creditor or a liquidator; meetings are directed by the Tribunal; approval requires three fourths in value of creditors or partners; the applicant must disclose all material facts; Tribunal sanctions bind all affected parties; sanctioned orders must be filed with the Registrar within thirty days to take effect; non filing attracts fines on the LLP and every designated partner; the Tribunal may stay proceedings and may make provision for transfer of property and liabilities in reconstruction or amalgamation. Articles Limited Liability Partnership - LLP Tue, 26 Oct 2010 16:11:40 +0530 https://www.taxtmi.com/article/detailed?id=997