Close a Limited Liability Partnership Service in Kerala- BookMyTM

Close a Limited Liability Partnership

Closure of a Limited Liability Partnership

As LLP is a separate legal entity, it is created by following a legal proceeding hence when it comes to its closure there is a proper legal procedure to be followed. An LLP may be closed through winding-up or through striking off its name from Register of LLP. The winding-up may be a costly or time-consuming affair for many LLPs as it includes approval from Tribunals and involvement of Liquidators. Therefore, the LLP that has been non-operative since its formation or for more than a year, may proceed the easy way of exit i.e. Strike-off. The LLP will be declared struck-off after the publication of notice by Ministry. Once it is struck-off, the LLP cease to be in existence in eyes of law.

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Reasons for dissolution of LLP in India

Avoid Compliance

To avoid compliance and filing responsibilities for the LLP’s which are not active. The statutory compliances of maintaining an LLP are higher than the cost of winding up. If the LLP is dormant it’s better to wind up than fulfill the compliances.

Avoid Fines & Penalties

To avoid fines and penalty for late filing, it is better to officially Wind Up LLP’s which are inactive.

Mandatory Filings

All LLPs registered in India have to file the annual returns and statement of accounts for each Financial Year irrespective of annual revenue or profit disregard of its working. LLP that hasn’t opened a bank account or commenced business activity would have to file the following filings each year to maintain LLP compliance and avoid penalty.

Documents Required Closing an LLP

PAN Card

Original PAN Card of the LLP and Copy of PAN of all partners are to be submitted

LLP Agreement

LLP Agreement with amendments if any

Address Proof

Latest utility bill copy

Rent Agreement

If the place is rented

Accounting Information

The financial statement of the LLP with copy of acknowledgement of latest Income Tax Returns

NOC from Creditors

NOC for strike-off to be obtained from secured creditors if any

Statement of Assets

Statement of Assets and Liabilities of LLP certified by auditor/charted accountant in practice.

Pre-Requisites for LLP strike off

Non-operative Stage

The LLP must discontinue its operations for a minimum period of 1 year

Fully Complied

The LLP must be fully complied with Annual Compliance requirement and more

Closure of Bank Account

The LLP must close all the bank accounts opened in the name of the LLP

Close Your LLP in 3 Easy Steps

Step 01

Fill up the registration form

Select any package suits your requirement
Fill up the form which will take less than 10 minutes
Make payment through secure payment gateway.

Step 02

BookMyTM is Here to Help

Your queries will be answered quickly and effectively
Consultation on Strike-off LLP
Provide details & documents required for Strike-off LLP
Drafting Documents required for Strike-off
Sending documents to get signed from the applicants
Receipt of signed documents from the applicants
Filing of application for strike-off LLP

Step 03

Your LLP is closed

All these takes 18 – 20 working days*

*Subjected to Government Processing Time

The Process of Closure of LLP

Day 1 - 2

Consultation on Closure of LLP
Collection of Information
Collection of Required Documents (Scanned Copies)
Review of Documents and Information provided

Day 3 - 4

Drafting of required documents
Drafting of Affidavit, indemnity bond

Day 5 - 8

Sending of documents to get signed from applicants
Receipt of signed documents from applicants

Day 9 - 11

Preparation of online application
Filing of online application
Filing of LLP form 24 with MCA

Day 12 - 20

Government processing time to approve strike-off
The notice of strike-off will be published on approval by MCA
Your LLP is closed*
*Subjected to Government Processing Time.

Frequently Asked Questions

1. What is the procedure of LLP Strike-off?

Answer:

File LLP Form 24 online with the MCA along with required documents.
Obtain NOC from relevant regulatory authorities (e.g., SEBI or RBI).
The Registrar publishes your strike-off application on the MCA website for one month for public comments.
If no objections arise and the Registrar is satisfied, they will order the LLP’s name to be struck off from the LLP Register. test.accendoz.com

2. How can I proceed for closure of the business under the name of LLP?

Answer:
Closure options include:

Declaring the LLP defunct,
Voluntary winding‑up, or
Compulsory winding‑up via Tribunal. test.accendoz.com

3. What is the procedure for closure of LLP in India through mode of striking off?

Answer:
Submit the prescribed form with documents. The Registrar publishes the strike-off notice on MCA’s portal for one month. Once approved, the LLP is marked “struck off (defunct)” in the register. test.accendoz.com

4. What is the easiest way of closure of LLP in India?

Answer:
The simplest method is a strike-off by declaring the LLP defunct (non‑operational for one year), as it avoids appointing a Liquidator or Tribunal involvement. Specific conditions must be met. test.accendoz.com

5. Whether a Liquidator is required to be appointed for this procedure?

Answer:
No. A liquidator is only required for voluntary or compulsory winding‑up. It is not needed for strike-off. test.accendoz.com

6. Which LLP can make an application to strike off its name from Register of Companies (LLP)?

Answer:
An LLP that has either never commenced business since incorporation or has ceased operations for at least one year can apply for strike-off. test.accendoz.com

7. Can I proceed for strike off LLP in India if the LLP has assets and liabilities in its books of accounts?

Answer:
You must settle all assets and liabilities, then prepare a Statement of Assets & Liabilities certified by a practicing CA. The strike-off application must be filed within 30 days of preparing that statement. test.accendoz.com