Closing LLP

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LLP closure

In case you want to close down a LLP, an application to the registrar of companies could be made in e-form 24 of LLP closure under LLP act for declaring the status of LLP defunct and removing the name of the LLP from its register of LLP’s. An application of closing LLP can be made to registrar of companies (MCA) under voluntary winding up of LLP has done any business operations for last one year or more. Under fast track exit scheme for LLP, the application for closing LLP can be made only after filing its due previous returns such as form 8, form 11, ITR, although it is not necessary for the LLP to file these LLP closure documents which has not commenced any business since its incorporation. .

LLP closure application under fast track exit scheme of LLP in form 24 of LLP act can only be filed after ceasing the business activity, and for that it is mandatory to close the existing current bank account of the LLP. LLP strike off application shall have the mandatory attachments of affidavit and indemnity bond along with the consent of all the designated partners. Once a application for dissolution of LLP is filed, the registrar of companies after satisfying himself publish the name of the LLP on its website for a period of one month for the notice of general public. .

At Unilex Consultants we provide you a hassle free LLP closuring procedure which would be dealt by our professionals within a time frame of 30-40 working days, subjective to governmental processing time. Our team takes care of the LLP closure documents and aids in provide you the realistic estimation of cost..

Advantages of closing LLP



There is no need of sticking on the track to stay compliant as the company would be dissolved anyway.



Once the closure is initiated there is no need of the company to be worried about being in a state to pay the penalty fee for the unaddressed causes..



If the business which you have chosen is not running and generating profits, then resources can be utilized into a better one

Documentation for LLP closure


Latest financial statements


Statement of Accounts containing assets & liabilities of the Company


Bank Account Closure Certificates.


PAN Card of the Company.


Board resolution for closure


Acknowledgement of latest IT returns filed


Consent of all the partners


Consent of all the creditors.



Process involved in registering a Closing LLP



Eligibility for Strike Off



Document Preparation



Application Submission

Requirements for striking off LLP

    - The LLP apply for closure should not have any asset and liability at the time of closure.
    - The LLP should not have commenced any business activity or operation since incorporation or at least one year must has been passed since last business activity or operation.
    - The LLP has duly filed all the financials to the authority, till the time of its closure.

FAQs About closing a LLP

Is ROC filing mandatory before company strike off application?
Yes, it is a mandatory process to solve as the MCA database has to stay updated that the company is free from all the legal ties.
What is the basic Eligibility criteria for closing a LLP?
The primary factor is that the company must at least be 1 year old in terms of nature of functioning in order to apply for closing.
What is time limit to file Closure documents with ROC?
The Form has to filled be filed with ROC office within 30 days from the date of Signing of the Statement of Assets and Liabilities.
What are the reasons for closing an LLP?
If declared insolvent. Partners are not willing to run the business. If not active for a period of one year. Issuance of order by the court to close the LLP.
What is the time limit to file the closure documents with registrar?
The closing document has to be filed within 30 days from the date of signing of the assets and liabilities statement.

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