Regulation 45
As to costs of preparing statement of affairs
of Limited Liability Partnerships (Winding Up) Rules
Subsidiary LegislationIn forceProvision 46 of 193
Regulation 45
A person who is required to make or concur in making any statement of affairs of an LLP shall, before incurring any costs or expenses in and about the preparation and making of the statement, apply to the liquidator for his sanction, and submit a statement of the estimated costs and expenses which it is intended to incur; and, except by order of the Court, no person shall be allowed out of the assets of the LLP any costs or expenses which have not, before being incurred, been sanctioned by the liquidator.