Enquiry

Closure of LLP

LLP is incorporation where all the partners have limited liabilities and it is flexible in nature. The central government has defined regulations to register as well as close the LLP which is done in two ways. The first ways are to declaring LLP as defunct and another way is winding up the LLP voluntarily or totally, which can be done if the operations of an LLP have been shut for a year.

From Rs : 10000 /-

Procedure

  • Step 1: Close the bank account and get a closure certificate from the bank.
  • Step 2: Prepare the audit of the accounts.
  • Step 3: Schedule a meeting of all the partners to discuss the closure procedure.
  • Step 4: Preparation of indemnity bond and affidavit proving that all the information is true.
  • Step 5: Get a DSC of at least one partner.
  • Step 6: Submit the application for closure with the ROC. It usually gets approved within 3-4 months.

  • Acknowledgement of recent income tax return
  • Recent Financial statements
  • Audit records
  • Consent letters by all the partners
  • Closure certificate provided by the bank
  • PAN Card of the company
  • The resolution gave by the board
  • Consent documents by the creditors

Important

No Returns filling
Custom & Banks Requirement
AD Code

Frequently Asked Questions

Electronic form 24 needs to be filled in case of defunct.

In case of voluntary winding up, at least 3/4 of the total number of partners is required with a consent to pass the resolution.

Form 1 is required to be filled within 30 days of passing the resolution

Form number 2 is filled in case of winding up with creditors. Declaring that they don’t hold any money from creditors. In case they hold, they will pay the required amount within the one year from the date of passing the resolution.