Who can file petition to the Tribunal for the Winding up of a Limited Liability Partnership? A. Secured…
Under Section 63 and Section 64 of the Limited Liability Partnership Act, 2008 (and the LLP Winding Up Rules), a petition to the National Company Law Tribunal (NCLT) for…
Choose your answer
Who can file petition to the Tribunal for the Winding up of a Limited Liability Partnership?
A. Secured Creditors
B. LLP or any of its Partners
C. Registrar of Companies
D. Any person authorised by the central Government
E. Any Voluntary Association
Answer and explanation
Correct answer C
Under Section 63 and Section 64 of the Limited Liability Partnership Act, 2008 (and the LLP Winding Up Rules), a petition to the National Company Law Tribunal (NCLT) for winding up an LLP can be presented by the LLP itself or any of its partners (B), by any secured or unsecured creditor(s) (A), by the Registrar of Companies (C), or by any person authorized by the Central Government (D). An unrelated voluntary association (E) has no locus standi.
Practice for these exams
-
UGC NET Commerce