Wind Off

Your LLP

No business started since incorporation? Wind up your LLP and stop complying with routine compliances. LLP Strike off Prices start at INR 8999/- only.

Strike Off LLP
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Close LLP

All you need to know

 

Before we understand LLP Strike off, let us have a brief idea on LLP (Limited Liability Partnership :

LLP means an alternative corporate business form that it gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners. It is capable of entering into contracts and holding property in its name.

 

The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP.

 

LLP Strike Off:

In case the LLP wants to close down its business or where it is not carrying on any business operations for the period of one year or more, it can make an application to the Registrar for declaring the LLP as defunct and removing the name of the LLP from its register of LLP’s.

 

An LLP need to be closed down / LLP Strike off can be done on the following conditions:

  • LLP is inoperative from the date of incorporation or inactive for a period of at least one year

  • LLP does not have any assets / liabilities as on the date of application.

  • Closure of current account of the LLP has been done

  • LLP Obtain the consent of the parties i.e any other authority, creditors and partners.

 

Reasons why an LLP may close its business / Reasons for LLP Strike off?

  • The statutory compliance of maintaining an LLP are higher than the cost of winding up. If the LLP is dormant it’s better to wind up than fulfill the compliance.

  • To avoid fines and penalty for late filing, it is better to officially Wind Up LLP’s which are inactive.  

 

When the LLP has incorporated a Certificate of Incorporation is issued by the Registrar of Companies which acknowledges the existence of the LLP. Once the name of the LLP is entered into registrar it cannot be removed unless the LLP applies for strike off or it is processed by law. When the LLP fails to commence its business or fails to submit yearly returns, the registrar may suo motto strike off the LLP.

 

Why Ebizfiling as Service Provider for Striking off your LLP?

Ebizfiling is a group of intellectuals. The entire team of Ebizfiling consists of Highly qualified CA, CS, Lawyers and business administrators. Ebizfiling would be a one stop destination for your LLP Strike Off Procedures. We also provide services like Start up advisory, Secretarial compliance services, PAN / TAN application, DIN registration, GST registration, Trademark registration, GST / Income tax return filing and many more. You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation and to know more about the services provided by us.

LLP Closing Charges

Choose Your Package

ESSENTIAL

8999/-

(All Inclusive)

  • Wind up an LLP with no transactions since incorporation
Popular

ENHANCED

10199/-

(All Inclusive)

  • Wind up an LLP with no transactions since incorporation
  • 2 Directors' DIR 3 KYC

ULTIMATE

18299/-

(All Inclusive)

  • Wind up a company with no transactions since incorporation
  • 2 Directors' DIR 3 KYC
  • Form 8 and Form 11 Filing for 1 Financial year
  • Nil ITR filing
  • 2 DSC Application Class II Individual 2 Year Validity
  • GST Cancellation

Easily Strike off LLP

Points to make your decision easy

Close LLP

An LLP can also be closed by filing an application with the MCA in about 3 to 6 months. There’s a fast track exit process. The entire process can be completed online and It makes it easy and hassle free.

Cost of closing llp

If an LLP is inactive or doemant then rather than complying with various norms such as filing, audit etc, it is advisable to wind up a dormant LLP. This saves compliance costs every year.

Avoid Penalties

An LLP that doesn’t file its compliance on time incurs fines and penalty including debarment of the partners from starting another LLP. Hence, it is advisable to legally wind up an LLP that is dormant or inactive.

Documents Required for Private Limited Company registration

Quick Checklist

  • A statement of account disclosing nil assets and nil liabilities, certified by a Chartered Accountant in practice made up to a date not earlier than 30 days of the date of filing of Form 24.

  • Copy of acknowledgement of latest Income tax return- Self-Explanatory

  • A Copy of the initial limited liability partnership agreement, if entered into and not filed, along with changes thereof.

  • Copy of Detailed Application- Mention full details of LLP plus reasons for closure

  • A Copy of Authority to Make the Application- Duly signed by all the Partners.

Specific Requirements

  • An affidavit signed by the designated partners, either jointly or severally, to the effect:

1. That the LLP has not commenced business or where it commenced business, it ceased to carry on such business from ………….(dd/mm/yyyy);

2. That the LLP has no liabilities and indemnifying any liability that may arise even after striking off its name from the Register;

3. That the Limited Liability Partnership has not opened any Bank Account and where it had opened, the said bank account has since been closed together with certificate(s) or statement from the respective bank demonstrating the closure of Bank Account;

4. That the LLP has not filed any Income-tax return where it has not carried on any business since its incorporation, if applicable.

How to Close an LLP in India / Closure of LLP in India?

 

5 Easy Steps

1

Complete 1 simple form

2

Submit Documents

3

Application of Strike Off

4

Processing of Application

5

Your LLP is under Strike Off Procedure

Fill in the Simple Checklist

Private limited registration

A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents provided by you and take the procedure further. All throughout the process compliance manager will keep you updated with the progress.

Filing of Pending documents

Private limited registration

Once we receive all the documents and details from your side, we will prepare the documents like affidavits and declarations etc. We will also file all the documents and forms pending to be filed, if any, with ROC. Once we file the documents and forms we will obtain a certificate of the chartered accountant stating NIL assets and NIL liabilities of the Limited Liability Partnership.

Application for LLP Striking Off

Private limited registration

After receiving the documents, we will prepare an application of LLP strike off in E form 24 and then we will need consent of all the partners and then the same needs to be filed with the ROC along with all the specified documents for strike off of LLP name from the registrar. The registrar will verify the documents and if satisfied he will approve the application and the name of the LLP will be struck off.

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FAQs On LLP Strike off

Get answers to all your queries

  • What is a Defunct LLP?

    A defunct LLP indicates an LLP that has not started any business or is not carrying on any business for the immediate past one year and has no assets and liabilities.

  • How to close a Defunct LLP?

    A defunct LLP can be closed by making an application to the Registrar with the consent of all partners of the LLP for striking off its name from the register.

  • What is the use of E-Form 24?

    E-Form 24 is used for making an application to the Registrar of Companies for striking off the name of the LLP.

  • How much time will it take to strike off the LLP?

    Normally, it takes 6 months to 1 year to remove the name of the LLP from the registrar records.

  • My LLP has done a little business in the last year, can it be closed?

    The LLP can be closed if the LLP is inoperative from the date of incorporation or inactive for a period of at least one year immediately preceding the filing of the application.

  • Is it mandatory to have the consent of all the partners to close an LLP?

    Yes. Consent of all the partners is required to file the application for closure an LLP

  • Will I get the certificate of closure or Striking of an LLP form the ROC?

    No. Registrar will not issue a certificate for closure of LLP. After the scrutiny of application, the Registrar will approve the application form. The status of LLP will be changed to ‘under the process of striking off’.

  • Which Cities do you provide LLP Strike off services?

    Ebizfiling.com provides LLP strike off services online across India. You can get your Private Limited Company registered in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur, or any city in India by us.

  • Have some queries?

    Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@ebizfiling.com or call us @+91 9643 203 209.

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