What are the records to be preserved for a period of 21 years and 5 years under Rules 27 of the Limited Liability Rules, 2009?

CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2021
What are the records to be preserved for a period of 21 years and 5 years under Rules 27 of the Limited Liability Rules, 2009?

Answer & Explanation:

As per Rule 27 of the Limited Liability Rules, 2009, subject to previous approval order of Registrar, the records in the office of Registrar may be destroyed after the expiry of period specified preservation for 21 years and 5 years are as follows: Records to be preserved for 21 years All papers, registers, refund orders and correspondence relating to the limited liability partnership liquidation accounts. Records to be preserved for 5 years: Copies of Government orders relating to limited liability partnership; Registered documents of limited liability partnership which have been fully wound up and finally dissolved together with correspondence relating to such limited liability partnership; Papers relating to legal proceedings from the date of disposal of the case and appeal, if any; Copies of statistical returns furnished to Government; All correspondences including correspondences relating to scrutiny of accounts, annual returns, prosecutions, reports to the Central Government and the Tribunal and the correspondences relating to complaints. In case of prosecution matter, the date is to be recorded from the date of disposal of the case and appeal, if any.

Topics: Limited Liability Partnership (LLP) Act

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