Under what circumstances, an LLP can be wound up by the Tribunal. [CA Inter May 2015, 4 Marks]
Options
A
B
C
D
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Partnership and LLP AccountsQ-4 | Partnership and LLP AccountsQuestion 4828 of 108
All Questions Correct Answer
✅ Option — Correct Option
All Options:
- A
- B
- C
- D
Detailed Solution & Explanation
Under following circumstances, an LLP can be wound up by the Tribunal:
(i) If the LLP decides that it should be wound up by the Tribunal;
(ii) If for a period of more than six months, the number of partners of the LLP is
reduced below two;
(iii) If the LLP is unable to pay its debts;
(iv) If the LLP has acted against the interests of the integrity and sovereignty of India,
the security of the state or public order;
(v) If the LLP has defaulted in the filing of the Statement of Account and Solvency with
the Registrar for five consecutive financial years;
(vi) If the Tribunal is of the opinion that it is just and equitable that the LLP be wound
up.
SHORT QUESTION
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