64 Circumstances in which limited liability partnership may be wound up by Tribunal

Circumstances in which limited liability partnership may be wound up by Tribunal.

A limited liability partnership may be wound up by the Tribunal,-

a) if the limited liability partnership decides that limited liability partnership be wound up by the Tribunal;

b) if, for a period of more than six months, the number of partners of the limited liability partnership is reduced below two;

c) if the limited liability partnership is unable to pay its debts;

d) if the limited liability partnership has acted against the interests of the sovereignty and integrity of India, the security of the State or public order;

e) if the limited liability partnership has made a default in filing with the Registrar the Statement of Account and Solvency or annual return for any five consecutive financial years; or

f) if the Tribunal is of the opinion that it is just and equitable that the limited liability partnership be wound up.