Limited liability partnership may be wound up by which one of the following 

The correct answer is Either voluntarily or by the tribunal established under the Companies Act, 2013

Key PointsSection 63, 64, and 65 of the LLP Act,2008 regulates the process of winding up of the LLP. The Limited Liability Partnership winding up can be initiated voluntarily or by a tribunal. 

Important Points

The Winding-up of the LLP is initiated by a tribunal for the following reasons:

• The LLP wants to wind up.
• There are less than two partners in the LLP for more than 6 months.
• The LLP is not in a position to pay debts.
• The LLP has acted against the interest of the sovereignty and the integrity of India, the specified security of the state, or public order.
• The LLP has not filed the statement of accounts and solvency or the LLP annual returns for any five consecutive financial years with the Registrar.
• The Tribunal thinks that is just and equitable that the LLP should windup.