Closure of an LLP
In short
An LLP that is not carrying on business and has no liabilities can apply to the ROC to strike off its name by filing Form 24, after filing any overdue Form 8 and Form 11. LLPs with assets or liabilities generally need to be wound up instead.
Overview
An inactive LLP still has annual filings. Closing it properly ends those obligations and avoids additional fees accumulating at ₹100 per day per form.
Key requirements
- No business activity
- No outstanding liabilities
- Pending annual filings completed
- Consent of all partners
Documents required
- Statement of accounts
- Partners' consent
- Indemnity bond and affidavit
- Bank account closure proof
We share an exact checklist for your case before you start, since requirements vary with the structure and the people involved.
Process
Clean up
We complete pending Form 8 and Form 11 filings.
Prepare
Consents and declarations are prepared.
File
Form 24 is filed with the ROC.
Strike off
The ROC strikes off the LLP after the notice period.
What KNAP Advisory handles
- Pending compliance
- Form 24 documentation and filing
- GST cancellation coordination
Frequently asked questions
How long does it take to close an LLP?
After filing Form 24, the ROC issues a public notice and strikes off the LLP once the notice period ends, typically within a few months if there are no objections.