Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 260] [Entire Act]

Union of India - Subsection

Section 260(2) in The Limited Liability Partnership (Winding up and Dissolution) Rules, 2012

(2)The securities shall be retained in the Bank in the name and on behalf of the Liquidator, and shall not be sold except by the Bank and under the written instructions of the Liquidator and when the securities are sold, the proceeds shall be credited by the Bank to the account of the Liquidator.