Rule 288 - Investment of surplus funds - Limited Liability Partnership (Winding up and Dissolution) Rules, 2010

Investment of surplus funds 288. (1) All such moneys for the time being standing to the credit of the liquidation account as is not immediately required for the purposes of the winding up, shall be invested by the LLP liquidator in Government securities or in interest bearing deposits in a Scheduled Bank. (2) Rules 258 to 262 of these Rules relating to investment shall apply mutatis mutandis to investments made by the LLP liquidator.