9911796707
TMI BlogUnpaid and Undistributed Assets AccountX X X X Extracts X X X X X X X X Extracts X X X X ..... creditor or creditors, he shall transfer, within five days of such money being due, in a separate special bank account known as the Distributable Sum Account of M/s. .......... LLP (in liquidation) . (b) any money representing assets refundable to any partner or partners, he shall transfer, within five days of such money being due, in a separate special bank account known as the Distributable Ass ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... his hands at the date of dissolution. (4) The liquidator or the LLP liquidator, as the case may be, shall, when making any payment referred to in sub-rules (2) and (3), furnish to the Registrar, a statement in the form as specified in these rules prescribed setting forth, in respect of all sums included in such payment, the nature of the sums, the names and last known addresses of the persons enti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entitled to any money paid into the LLP Liquidation Account paid in pursuance of this rule may apply to the Tribunal for an order for payment thereof, and the Tribunal, if satisfied that the person claiming is entitled, may make an order for the payment to that person of the sum due : Provided that before making such an order, the Tribunal shall cause a notice to be served on Registrar, calling h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ve per cent per annum and also pay such penalty as may be determined by the Tribunal : Provided that the Central Government may, in any proper case remit either in part or in whole the amount of interest which the liquidator is required to pay under this clause; (b) be liable to pay any expenses occasioned by reason of his default; and (c) where the winding up is by the Tribunal, also be liable to ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
