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    <title>LIMITED LIABILITY PARTNERSHIP PART- XXXVII (Compromise, Arrangement or Reconstruction of LLP)</title>
    <link>https://www.taxtmi.com/article/detailed?id=1017</link>
    <description>Section 62 empowers the Tribunal to sanction compromise or arrangement schemes for reconstruction or amalgamation of LLPs and to order transfer of the whole or any part of a transferor LLP&#039;s undertaking, property or liabilities to a transferee LLP, continuation of pending proceedings by or against the transferee LLP, dissolution without winding up, provision for dissenting persons, and incidental measures. Sanction is conditional on application to the Tribunal, a scheme involving transfer, and a Registrar report that affairs are not prejudicial to partners or public interest. The LLP must file the certified order with the Registrar within thirty days, failing which the LLP and designated partners face a fine.</description>
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    <pubDate>Tue, 16 Nov 2010 18:30:48 +0530</pubDate>
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      <title>LIMITED LIABILITY PARTNERSHIP PART- XXXVII (Compromise, Arrangement or Reconstruction of LLP)</title>
      <link>https://www.taxtmi.com/article/detailed?id=1017</link>
      <description>Section 62 empowers the Tribunal to sanction compromise or arrangement schemes for reconstruction or amalgamation of LLPs and to order transfer of the whole or any part of a transferor LLP&#039;s undertaking, property or liabilities to a transferee LLP, continuation of pending proceedings by or against the transferee LLP, dissolution without winding up, provision for dissenting persons, and incidental measures. Sanction is conditional on application to the Tribunal, a scheme involving transfer, and a Registrar report that affairs are not prejudicial to partners or public interest. The LLP must file the certified order with the Registrar within thirty days, failing which the LLP and designated partners face a fine.</description>
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      <pubDate>Tue, 16 Nov 2010 18:30:48 +0530</pubDate>
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