A limited liability partnership may be wound up by the Tribunal in the following cases: (a) if the limited liability partnership has by a special resolution resolved that the limited liability partnership be wound up; (b) if the limited liability partnership has not commenced its business within one year from the date of its incorporation; (c) if the limited liability partnership has defaulted in paying any call made under section 37; (d) if the limited liability partnership has acted in a manner prejudicial to the interests of its members or creditors; (e) if the limited liability partnership has failed to pay any debt due to its creditors; (f) if the limited liability partnership has failed to comply with any provision of this Act.
Limited Liability Partnership Act, 2008
Section 53
Winding up of limited liability partnership
Englishहिंदी
⚡ Quick Answer Reference: Section 53 Limited Liability Partnership Act, 2008
- Provision: Section 53 of Limited Liability Partnership Act, 2008
- Act: Limited Liability Partnership Act, 2008
- Classification: corporate
- Jurisdiction: India
Statutory Content
What does Section 53 of Limited Liability Partnership Act, 2008 say?
Indian StandardSection 53, Limited Liability Partnership Act, 2008
Bluebook (21st ed.)Limited Liability Partnership Act, 2008, § 53 (India)
Court Pleading StandardSection 53 of the Limited Liability Partnership Act, 2008
Canonical Web linkhttps://nyaya.cloud/acts/limited-liability-partnership-act-2008/53
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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗
People Also Ask (PAA)
Common Questions about Section 53 Limited Liability Partnership Act, 2008
What is Section 53 of Limited Liability Partnership Act, 2008?
Section 53 of the Limited Liability Partnership Act, 2008 (Limited Liability Partnership Act, 2008) defines and regulates "Winding up of limited liability partnership". The section states: A limited liability partnership may be wound up by the Tribunal in the following cases: (a) if the limited liability partnership has by a special resolution resolved that the limit...
Landmark Case Laws
Landmark Judgments under Section 53 Limited Liability Partnership Act, 2008
Patnahcucisdb94 High Court (10 8)
Patnahcucisdb94 High Court (10 8)
Patnahcucisdb94 High Court (10 8)
Patnahcucisdb94 High Court (10 8)
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Related Concepts
winding upTribunalspecial resolutiondefaultcreditors