868. Circumstances in which application not to be made: activities of LLP

Past version: effective from 21/10/2015 - 20/10/2015
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(1) An application under section 867 (application for voluntary striking off) on behalf of a LLP must not be made if, at any time in the previous three months, the LLP has —
(a) changed its name,
(b) traded or otherwise carried on business,
(c) made a disposal for value of property or rights that, immediately before ceasing to trade or otherwise carry on business, it held for the purpose of disposal for gain in the normal course of trading or otherwise carrying on business, or
(d) engaged in any other activity, except one which is —
(i) necessary or expedient for the purpose of making an application under that section, or deciding whether to do so,
(ii) necessary or expedient for the purpose of concluding the affairs of the LLP,
(iii) necessary or expedient for the purpose of complying with any statutory requirement, or
(iv) specified by rules made by the Board by resolution for the purposes of this sub-paragraph.
(2) For the purposes of this section, a LLP is not to be treated as trading or otherwise carrying on business by virtue only of the fact that it makes a payment in respect of a liability incurred in the course of trading or otherwise carrying on business.
(3) It is a contravention of the Companies Regulations for a person to make an application in contravention of this section.
(4) It is a defence to such a contravention for the person who committed the contravention to prove that he did not know, and could not reasonably have known, of the existence of the facts that led to the contravention.
(5) A person who commits a contravention under this section shall be liable to a level 3 fine.