In case the LLP wants to close down its business or where it is not carrying on any business operations for the period of one year or more, LLP can make an application to the Registrar of Companies for closing the LLP and removing the name of the LLP from its register of LLP’s. An application is required to be made in e-Form 24 to the Registrar of Companies for Striking off the name of the LLP under Rule 37(1)(b) and 37(1A) of LLP Rules.
PAN Card
It should be inoperative from the date of incorporation OR inactive for a period of at least one Finacial year
NIL assets / liabilities as on date of application.
Bank account should be closed on the date of application.
LLP Form 24 can be filed only by LLPs that never commenced business or have ceased commercial activity.
LLP Form 24 can be filed only by those LLP that have no creditors and no bank account AS ON date of closure of LLP with registrar.
All the Designated Partners of the LLP must first execute an affidavit, either jointly or severally, that the Limited Liability Partnership ceased to carry on commercial activity from (Date) or has not commenced business.
Along with Form LLP 24 the income tax return of the LLP must be enclosed.
After incorporation of a LLP, the LLP agreement must be filed with the MCA within 30 days of registration.
Once all the documents for filing of LLP Form 24 is prepared, a statement of accounts disclosing NIL assets and NIL liabilities.
The above mentioned documents along with LLP Form 24 can be then filed with the MCA to strike off name of LLP. On processing the application, if found acceptable, the concerned Registrar of Companies would cause a notice to be published on the MCA website announcing the striking off of the LLP.
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Incorporation Documents- LLP Agreements, Certificate of Incorporation, PAN card and other registration certificates
Financial Statements:- latest financial statement of the Company.
Identity & Address proof of Directors & Shareholders
Creditors: No objection certificate from Creditors(if any)
copy of the initial limited liability partnership agreement, if entered into and not filed, along with changes thereof
Copy of acknowledgement of latest Income tax return
Depending on the Registrar’s office, the whole process may take 3 to 6 months to complete. After approval of the application, the details will be placed on the website of the Ministry of Corporate Affairs for the information of the general public for a period of one month. After the expiry of one month from placing the details in MCA website, the Registrar will issue an order for striking off the LLP name from the register, and shall publish notice in the Official Gazette. After the notice is published in the Official Gazette,
A defunct LLP can be closed by making an application to the Registrar with the consent of all partners of the LLP for striking off its name from the register of LLP.
An LLP fulfilling the following conditions can file an application for striking off its name from the Register of LLP.
1. PAN Card
2. It should be inoperative from the date of incorporation OR inactive for a period of at least one Finacial year
3.NIL assets / liabilities as on date of application.
4. Bank account should be closed on the date of application.
Yes. The LLP can be closed if the LLP is inoperative from the date of incorporation or inactive for a period of at least one year immediately preceding the filing of the application.
The designated partners have to sign the application for closure of defunct LLP with the consent of all the partners. However, the designated partners are required to execute affidavits and indemnity bond and other necessary documents as mentioned under LLP Rules.
Yes. Consent of all the partners is required to file the application for closure of defunct LLP.
If there are assets and balance in bank account, the LLP cannot be closed. Until and unless the bank account has been closed by the partners and the assets should have been sold or transfer.
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