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Closure of LLP

Strike off a LLP starting from ₹ 7,000/-  

  • For inoperative LLP
  • Fast Track Exit
  • Simple & Secure Online Process
  • Dedicated Professional
  • Expert CS Advice
  • Get the strike off in 1 month

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Introduction

A Limited Liability Partnership shall mandatorily file certain returns irrespective of the fact of the business or not. As per the Limited Liability Partnership Act, 2008 there are certain penalties and prosecution to be faced by the Designated Partner for Non- filing of due returns. A Limited Liability Partnership continues to exist until its formal closure and the Cessation of its operation cannot be considered as a reason for non-filing of returns. As the Limited Liability Partnership is a separate legal entity registered under law it is to be mandatorily closed in accordance with the LLP Act.

A Limited Liability Partnership which has never started its business or is also not carrying any business for the immediate past one year and pursues no assets and liabilities shall be considered as Defunct Limited Liability Partnership. This type of company can make an application for striking the name of the Company.

Firm Registration has a team of experts providing you with the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to closure of Limited Liability Partnership . You may get in touch with our team on call or email info@firmregistration.in

Requirements
Firm Registration

Eligibility for Closure of LLP

  • The LLP should be inoperative from the date of incorporation OR should be inactive for a period of at least one year'
  • The LLP as on date of application should not have any assets / liabilities.
Requirements
Firm Registration

Documents Required

  • PAN of the respective Limited Liability Partnership
  • Latest Statement of Accounts of Limited Liability Partnership
  • Limited Liability Partnership Agreement executed between the partners
  • PAN Card and address proof of Partners
  • Latest acknowledgement of Income Tax Returns (if any)
  • NOC from Creditors
  • Bank Account Closure Certificate
Process
Firm Registration

Process of Closure of Limited Liability Partnership

1. Complete Questionnaire

You are requested to first fill the simple questionnaire provided by our expert team which will enable us to know the case of strike Off of the Name of the Company.
Direction Arrows
Step 01

2. Document Processing

At the second step you will be required to produce the documents in accordance with the questionnaire filled based upon which case will be dealt so that we can arrange them as per the requirement and for further processing.
Step 02

3. Application for closure

After arranging the documents we will begin with the drafting of documents along with the other affidavits, indemnity bond in order to get the same executed and convening of the meetings of the partner for obtaining their consent. Consent of creditors is also required for closing of a company.
Direction Arrows
Step 03

4. Preparation and filing of the same with MCA

Preparation of the application and filing of the same along with the required documents on MCA with ROC for closure of Limited Liability Partnership in Form 24.
Step 04

5. Confirmation by the Registrar

If the Registrar thinks fit after verification of documents presented by the Limited Liability Partnership the Registrar will strike of the Limited Liability Partnership and the same will be intimated through mail.
Direction Arrows
Step 05
Faq's
Firm Registration

FAQ's On Closure Of LLP

What do you meant by defunct Limited Liability Partnership?

A Limited Liability Partnership which has never started its business or is also not carrying any business for the immediate past one year and pursues no assets and liabilities shall be considered as Defunct Limited Liability Partnership.

 
 
 
Who shall sign the application for closure of defunct Limited Liability Partnership?

The Designated Partner has to sign the application for closure of the defunct Limited Liability Partnership along with the consent of the Partners and the respective indemnity bonds and affidavits are required to be attached.

 
 
 
 
 
 
Can a Limited Liability Partnership be closed if there are few Assets and Liabilities in the bank account?

An LLP cannot be closed as defunct Limited Liability Partnership if it has certain Assets and Liabilities in the bank account.

 
 
 
What is the timeline for completing the required filling?

Yes, the respective form shall be filed within 30 days from the date for which the NIL statement is provided by the Chartered Accountant.

 
 
What if the LLP has done some business in the last year. Can it be closed?

LLP can be closed if it has been inoperative from the date of incorporation or is inactive for a period of at least one year immediately preceding the filing of the application.

 

Yes, consent of all the partners is required to file the application for closure of Limited Liability Partnership.

 
Can a Limited Liability Partnership be closed before one year from the date of Incorporation?

No at least one year should be elapsed before closing of a Limited Liability Partnership on voluntary basis.

If the Designated Partners did not file the e-form DIR-3 KYC. Can they still apply for closure?

If the Designated Partners have not complied with the KYC norms, then they cannot file for the closure of the LLP. All the designated partners have to file the DIR-3 KYC forms and then only they can proceed for the filing.

 

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