Winding up of llp

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11 July 2012 what is the procedure of compulsory winding up of LLP..

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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11 July 2012 Procedure to get wound up –

The winding-up process begins with the winding-up petition. The winding-up petition is an application to set a date for a hearing in court to determine whether a company or limited liability partnership (LLP) may be wound up and put into compulsory liquidation.

Those who can petition the court to wind up a company or limited liability partnership (LLP) include:

one or more creditors who are owed more than £750
a company or LLP itself
the directors or shareholders of a company or designated members of an LLP
the supervisor of a voluntary arrangement
the administrative receiver or administrator
the Secretary of State for Business, Innovation & Skills
the Financial Services Authority
an Official Receiver (OR)

Read link:

http://www.llponline.in/llp_closing.php

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