A Pvt.Ltd Company Offers Limited Liability and Independent Legal Status.
Closure of LLP is the legal process of winding up a Limited Liability Partnership that is inactive or no longer in business. It involves settling liabilities, filing required documents with the Registrar, and removing the LLP’s name from official records.
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The strike-off process is a simpler and quicker method of closing an LLP that is not active or operational. When an LLP is struck off, it is removed from the Register of Companies maintained by the Registrar of Companies (ROC), making it legally dissolved.
Here’s a step-by-step guide to the strike-off process for LLPs:
Resolution – Pass strike-off resolution → File in Form 1.
Application – File Form 24 with ROC.
Documents – Affidavit + Indemnity bond + Last year’s accounts.
ROC Approval – ROC verifies → Issues public notice → LLP struck off.
2. Consent of Partners: Written consent from all partners agreeing to strike off the LLP.
3. Affidavit: A statement declaring that the LLP has no liabilities.
4. Indemnity Bond: An indemnity bond signed by all partners, ensuring no future liabilities.
5. Statement of Accounts A statement showing no transactions or liabilities in the last year.
• The LLP cannot be revived unless by a court order.
• Outstanding liabilities must be cleared before applying for a strike-off, as the partners are personally liable for any pending debts.
For assistance with the strike-off process of your LLP, contact Prahar Filing & Advisory for expert guidance.
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