STEP 1 (CONSENT OF CREDITORS AND MAKING OF
DECLARATION):-
A. Making of Declaration
Ø The majority of its designated partners
(being not less than two) must make a declaration in Form No. 2 verified
by an affidavit to the effect that the LLP has no debt or that it will be able
to pay its debts in full within such period, as may be specified in the
declaration, but not exceeding one year from the commencement of the winding
up.
Ø However, such declaration shall have no
effect for the purposes of Limited Liability Partnership Act, 2008 (“the
Act”) and the Limited Liability Partnership (Winding up and Dissolution)
Rules, 2012, (“the Rules”) unless —
