LLP Closure Procedure | Close LLP in India
An LLP can be closed, if it has not commenced business or is not engaged in the activity of business for the last 1 year. The closure application needs to be filed with the mutual consent of all the partners of the firm.
How it Works
How To Close The LLP Company Online?
For closing your Limited Liability Partnership, you should submit the form 24 with the ROC, along with the declaration, indemnity bonds, and affidavits from all the partners. We, ‘Bluedex’ help you close your LLP in 3 simple steps –
Step 1
Fill the given form and we address all your queries about closing an LLP business
Step 2
Bluedex experts help you get the entire end to end process done
Step 3
Documents will be delivered to you by courier within the promised timelines.
An Overview
Closing an LLP – Overview
If you are willing to close the LLP, then it must meet the following conditions:
1
The LLP should be inactive for a period of at least 1 year, or it should be inoperative from the date of establishment.
2
The second condition is that the LLP should not have any assets on the date of application.
Moreover, there is detailed paperwork that needs to be done. The first thing that you need to do is to submit the application along with the required fees and affidavit along with consent from all partners of LLP. In addition
Corporate Immigration
Checklist for Closing Down an Llp
- The LLP to be closed down should not have commenced business after incorporation.
- The LLP to be closed down has not been engaged in any business for the past year.
- The LLP to be closed down has no assets and liabilities.
Documents Required from Partners & Designated Partners For Closing An LLP
PAN Card of Partners- Apart from the application form and indemnity which needs to be submitted to the registrar, for the closure of LLP, you are also required to submit PAN cards of all the partners and designated partners of LLP.
Aadhaar Card of Partners- Similar to PAN card, another document that needs to be submitted for closure of LLP is the Aadhaar card of all the partners and designated partners of LLP
Latest Address Proof of Partners- In addition to the above mentioned two documents, the latest address proof of all the partners of LLP is also needed to be submitted.
Consent letter- For the closure of LLP, you would also be required to get the consent letter signed by all the partners and submit it along with form and fees.
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Our experience with Bluedex has been awesome and their execution method is Superb and just awesome. Would like to continue my association with VS for a longer tenure.
Our experience with Bluedex has been awesome and their execution method is Superb and just awesome. Would like to continue my association with VS for a longer tenure.
Our experience with Bluedex has been awesome and their execution method is Superb and just awesome. Would like to continue my association with VS for a longer tenure.
FAQs
Let’s clear all the doubts!
If you are planning to close the LLP or Limited Liability Partnership, then you have to follow the process mentioned below:
Closure of business operations- When you are planning to close the LLP, then you must first close the current business operations.
Close the bank account- Once you have closed business operations
Preparing the closing statement of accounts- The next step is to close the statement of accounts.
Application to ROC-LLP Form 24- At this stage, the partners of LLP are required to file an application to the registrar along with an affidavit and fees along with the consent of all the partners.
In case you are unsure of the steps and process of closure of LLP, then you can connect with Vakilsearch for assistance. We have a team of qualified professionals who will help you with the same.
Closure of business operations- When you are planning to close the LLP, then you must first close the current business operations.
Close the bank account- Once you have closed business operations
Preparing the closing statement of accounts- The next step is to close the statement of accounts.
Application to ROC-LLP Form 24- At this stage, the partners of LLP are required to file an application to the registrar along with an affidavit and fees along with the consent of all the partners.
In case you are unsure of the steps and process of closure of LLP, then you can connect with Vakilsearch for assistance. We have a team of qualified professionals who will help you with the same.
If your trademark is similar to an existing application, it would hurt religious sentiments, contain geographical names, or common words. It would also be rejected if it is likely to confIf the LLP fulfills the following condition, it can file an application for striking off its names from the register of LLP:
The LLP must have a PAN
The LLP should be inactive for a period of at least one year or non-operational from the time of incorporation
There should be no live bank account at the time of application
The LLP should have filed the latest IT returns.use.
The LLP must have a PAN
The LLP should be inactive for a period of at least one year or non-operational from the time of incorporation
There should be no live bank account at the time of application
The LLP should have filed the latest IT returns.use.
In case of closure of defunct LLP, the designated partners have to sign the application for the closure of defunct LLP along with the consent of other partners.
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