https://www.taxtmi.com/article/detailed?id=1034 Sections 63-65 of the LLP Act, 2008 provide that an LLP may be wound up voluntarily or by Tribunal and thereafter dissolved; section 65 authorises rules governing procedure. Winding up (liquidation) involves realisation of assets, settlement of liabilities and distribution to partners, but a resolution to wind up does not itself effect dissolution. Section 64 specifies Tribunal-ordered winding up and dissolution, and the Act permits dissolution without winding up in certain amalgamation transfers. en-us Mon, 29 Nov 2010 17:58:37 +0530 Tue, 30 Nov 2010 02:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1034 Sections 63-65 of the LLP Act, 2008 provide that an LLP may be wound up voluntarily or by Tribunal and thereafter dissolved; section 65 authorises rules governing procedure. Winding up (liquidation) involves realisation of assets, settlement of liabilities and distribution to partners, but a resolution to wind up does not itself effect dissolution. Section 64 specifies Tribunal-ordered winding up and dissolution, and the Act permits dissolution without winding up in certain amalgamation transfers. Articles Limited Liability Partnership - LLP Mon, 29 Nov 2010 17:58:37 +0530 https://www.taxtmi.com/article/detailed?id=1034