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Question

As per the LLP Act where the Tribunal makes an order under section 60 sanctioning a compromise or an arrangement in respect of a limited liability partnership, it____________

A Shall have power to supervise the carrying out of the compromise or an arrangement Correct Answer Incorrect Answer
B Shall delegate the power to supervise the carrying out of the compromise or an arrangement Correct Answer Incorrect Answer
C May, at the time of making such order or at any time thereafter, give such directions in regard to any matter or make such modifications in the compromise or arrangement as it may consider necessary for the proper working of the compromise or arrangement Correct Answer Incorrect Answer
D Both b & c Correct Answer Incorrect Answer
E Both a & c Correct Answer Incorrect Answer

Solution

LLP Act Section 61. Power of Tribunal to enforce compromise or arrangement: (1) Where the Tribunal makes an order under section 60 sanctioning a compromise or an arrangement in respect of a limited liability partnership, it-- (a) shall have power to supervise the carrying out of the compromise or an arrangement; and (b) may, at the time of making such order or at any time thereafter, give such directions in regard to any matter or make such modifications in the compromise or arrangement as it may consider necessary for the proper working of the compromise or arrangement.

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