Legally Close Your LLP with Proper Compliance
If your LLP is inactive or you no longer wish to continue operations, it is important to formally close it through the prescribed legal process to avoid penalties and future liabilities.
N D Savla & Associates provides complete assistance in LLP winding up and strike-off procedures under MCA regulations, ensuring smooth and compliant closure.
What is LLP Winding Up?
LLP winding up is the legal process of closing a Limited Liability Partnership by settling liabilities, clearing dues, and removing its name from the Register of LLPs maintained by the Registrar.
LLP closure can be done through:
- Voluntary Strike Off (Form 24)
- Voluntary Liquidation
- Compulsory winding up by Tribunal (in specific cases)
Eligibility for LLP Strike Off
- No business activity for at least 1 year
- No outstanding liabilities
- Bank accounts closed
- Consent of all partners
- Up-to-date annual filings (Form 8 & Form 11)
Documents Required
- Partner resolution for winding up
- Statement of accounts certified by CA (not older than 30 days)
- Indemnity bond by partners
- Affidavit from designated partners
- IT return acknowledgment (if applicable)
- Bank account closure proof
LLP Winding Up Process (Step-by-Step)
- Review eligibility and compliance status
- Clear pending filings and liabilities
- Prepare required affidavits and indemnity bonds
- File Form 24 with MCA
- Respond to ROC clarifications (if any)
- Receive strike-off confirmation from ROC
Risks of Not Closing LLP Properly
- Heavy late filing penalties
- Ongoing compliance burden
- Legal notices from ROC
- Liability issues for designated partners
Why Choose N D Savla & Associates?
Accurate Form 24 Filing
Proper preparation and submission of LLP strike-off documents.
LLP Compliance Experts
Experienced professionals handling MCA procedures.
Timely Processing
Efficient documentation and follow-ups.
End-to-End Assistance
From eligibility review to final strike-off approval.
Compliance Review
Ensuring all annual filings are up to date.
Trusted Advisory Support
Reliable LLP and corporate compliance guidance.