Regulation 157
Expenses of sales
of Limited Liability Partnerships (Winding Up) Rules
Subsidiary LegislationIn forceProvision 158 of 193
Regulation 157
Amended byS 197/2022 wef 01/04/2022
Where property forming part of an LLP’s assets is sold by the liquidator through an auctioneer or other agent, the gross proceeds of the sale shall be paid over by the auctioneer or agent, and the charges and expenses connected with the sale shall afterwards be paid to the auctioneer or agent, on the production of the necessary certificate of the Assessing Master.