Apply for Complete LLP Winding Up & Get Approval from the Govt. of India and Registrar of Companies (ROC)
Get 360° Online Assistance from India’s Recommended CA Panel in the Complete & Quick LLP Closure and Winding Up Process.
The Govt. of India has enacted the Limited Liability Partnership (LLP) Settlement Scheme, 2020, that overviews the LLP related issues in the country. Get the country’s recommended CA Panel’s assistance from Online Legal India™ to complete the LLP Closure / Winding Up procedure following the provisions of the Scheme, LLP Act, 2008, and the Registrar of Companies (ROC).
- By filing the Form-24 of Limited Liability Partnership (Amendments) Rules, 2017, a concerned personnel can close down an LLP. The frequent reasons are namely:
- • Not having 2 Directors/Partners on the Board
- • Economic Condition
- • Low Profits
- • Tough Competition
- • Management Issue
- • Lack of Capital
- • Unanticipated Event
- • Country’s most Efficient CA panel will be Managing LLP Winding Up Procedure
- • In-house Advisory Panel always available for in-depth Business & other assistance
- • Step-by-step Online guidance to get completed with LLP Winding Up Process
- • Free Consultations Available at Just a Click!
- • Quickest Winding up Service at an Unbeatable Price
- • Call, E-mail, Chat Support available in 6 different languages including English
- The LLP winding up process can be initiated by carrying out the followings:
- • Ceasing all business operations
- • Close bank accounts opened in the name of the LLP
- • Paying all the creditors
- • Chucking out all the properties/ assets to pay the liabilities
- • Must not own any liability
- The winding up process of a registered LLP can be initiated in two ways:
- • Voluntarily Winding Up
- Here the partners of the concerned LLP can decide by themselves and close down the LLP by following the necessary legal steps as per the ROC. The decision should be authorized by 3/4th of the total numbers of partners.
- • Compulsory winding up by Tribunal
- The ROC can initiate the process of closing down a particular LLP that has not executed any business operation and Appliance filing for more than one year. It also takes place in case the particular LLP is convicted of being associated with any illegal or fraudulent instance.
Required Documents for LLP Closure/Winding Up Process
As per the provisions of the Ministry of Corporate Affairs (MCA) & Registrars of Companies (ROC), the required documents and activities are likewise:
- DSC of the authorized Partner
- NOC (If the LLP is associated with any regulatory body)
- PAN Card of the LLP & the Partners of that entity
- Aadhaar Card of the LLP Partners
- Copy of LLP Agreement
- Acknowledgement of the Partners regarding closure of the LLP
- Address Proof of all the Partners
- Indemnity Bond signed by the Partner(s)
- Copy of authority to make the application duly signed by all the Partners
- Copy of Acknowledgement of latest Income-tax Return
- Affidavit signed by the designated Partners [sub-clause(b) of clause (II) of sub-rule (1A) to rule 37]
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