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Get the free Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012

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This document serves as a petition for extending the time for the Liquidator or LLP Liquidator to give notice of the intention to apply for leave to disclaim specific property or contracts.
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How to fill out limited liability partnership winding

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How to fill out Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012

01
Identify the reasons for winding up the LLP and ensure compliance with the legal requirements.
02
Gather necessary documents, including the LLP agreement, financial statements, and any resolutions passed by partners for winding up.
03
Notify all partners and creditors about the intent to wind up the partnership.
04
Appoint a liquidator to oversee the winding-up process and asset distribution.
05
File the winding-up application with the relevant authority, providing required documentation and information.
06
Publish a notice of the winding-up in a local newspaper to inform stakeholders.
07
Settle all debts and liabilities before distributing any remaining assets to the partners.
08
Prepare and file final accounts and a statement confirming the dissolution of the LLP with the authorities.

Who needs Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012?

01
Any Limited Liability Partnership (LLP) that is considering ceasing operations and needs to legally wind up and dissolve.
02
Partners of an LLP who want to ensure the proper legal procedures are followed for dissolution.
03
Creditors who need assurance that debts will be settled before dissolution.
04
Stakeholders and investors looking for clarity on the winding-up process of an LLP.
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The Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012 provide the legal framework for the winding up and dissolution of Limited Liability Partnerships (LLPs) in India.
The partners of a Limited Liability Partnership (LLP) are required to file under these rules when initiating the winding up process or when seeking dissolution.
To fill out the Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012, the partners must prepare and submit various forms and documents as specified by the rules, including a statement of assets and liabilities.
The purpose of the rules is to establish a systematic process for the winding up and dissolution of LLPs, ensuring that all financial obligations are settled and that partners can formally end the partnership.
The information that must be reported includes details of the LLP's assets and liabilities, the reasons for winding up, any claims by creditors, and the distribution of any remaining assets among partners.
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