Part - 19

Termination of winding up

246. Liquidator to apply for dissolution,

(1) As soon as the affairs of the LLP have been fully wound up, the Liquidator in a winding-up by the Tribunal shall file his final account with the Tribunal in Form No.89 and apply for orders as to the dissolution of the LLP.

(2) The application shall not be set down for hearing until the completion of the audit of the final accounts and the filing of the auditor’s certificate in relation thereto and in the event, affairs of the LLP have not been wound up within one year from the date of the winding up order, the liquidator shall file an application before the Tribunal explaining the reasons and seek appropriate directions.