LLP CLOSURE in India

All inclusive Fee Rs. 12000 Only

As an LLP is a creation of law, it can be closed by procedures established by statute only. The reasons for closure could be many. However, the circumstances in which an LLP is being closed is what matters for the process which needs to be adopted.

  • NO HIDDEN CHARGES
  • BEST PRICE GUARANTEE
  • 12+ YEARS OF EXPERIENCE
  • 8K+ BUSINESS REGISTERED

Limited liability Partnership Closure

A business may be required to be closed due to various reasons, like non-operation, closure of business, recurring losses, the passing of the key managerial person, the dispute among promoters, un-ability to pay debts of the LLP, etc. Closing or winding up of an LLP is a challenging task, where the designated partners and all partners must first decide on the best method available under the LLP Act, 2008 to wind up the LLP. In case the LLP does not have liabilities or debts to pay it can be closed voluntarily by a unanimous decision of all the partners of the LLP and after that, an application can be filed with the registrar to strike down the name of LLP from its register. However, where the LLP have debts to pay, or there are creditors/liabilities, the LLP must approach National Company Law Tribunal for closure.

 
 
 
 

Close inactive LLP Faster

01
In case your LLP has not started any business or operation or in case it started is not carrying the same as of now since past one year.
02
If the LLP Does not have any asset or liability and the bank account of the LLP was either not opened or if opened is closed now.
03
The designated partners shall give an affidavit and indemnity bond to settle any liability which may arise on LLP in future.
04
An application for closure needs to be filed with the ROC for declaring the LLP as defunct and for striking off its name from the register of LLP.

Close LLP Having Liability / Debt

01
The designated partners need to decide to close the LLP first and after that convene a meeting of creditors by giving them proper notice
02
The creditors shall decide about closure with at least 2/3 majority and an application for closure to be filed with NCLT
03
The official liquidator of the LLP shall be appointed who will dissolve the assets of LLP and deal with liabilities and file his report with NCLT
04
NCLT based on the merits of the case shall deliver its decision for closure of LLP and after that the same need to be conveyed to the ROC

Closure of LLP By NCLT

01
In case the designated partners could not close the LLP due to their difference, an application for closure by NCLT may be filed
02
Where the number of partners is reduced below the statutory minimum of two partners for a period of more than six months
03
Where the LLP has not filed its annual return (form-11) or the statement (form-8) of accounts for five consecutive years,
04
If NCLT is satisfied that the LLP is acting against the interest of the sovereignty or integrity of India, security of the state or public order

Step Wise Procedure For LLP Closure In India

Closure of Bank Account

The bank account if opened need to be closed before the procedure of closing the LLP can be started. The designated partners need to approach banker with a request for closure and obtain a closure certificate from the bank that the account maintained with them has been closed.

Closure of Bank Account

Pricing For Closure of Inactive or Defunct LLP

All Inclusive Pricing
Limited Liability Partnership Closure

table
  • Free Adisory
  • Drafting of resolution and letter for Bank Closure
  • Preparation of Statement of Assets and Liability
  • Drafting of Partners Closure Resolution
  • Drafting of Affidavit & Indemnity Bond
  • Application Filing with ROC & Followup
  • News Paper Advertisement
  • Surrender of PAN Card
  • Surrender of TDS Number
  • Surrender of Vat & service Tax/GST Registration
Call Us: +91-9899600605
Basic Pack
price
12,000
table
  • Free Adisory

  • Drafting of resolution and letter for Bank Closure

  • Preparation of Statement of Assets and Liability

  • Drafting of Partners Closure Resolution

  • Drafting of Affidavit & Indemnity Bond

  • Application Filing with ROC & Followup

  • News Paper Advertisement

  • Surrender of PAN Card

  • Surrender of TDS Number

  • Surrender of Vat & service Tax Registration

Silver Pack
price
18,000
table
  • Free Adisory

  • Drafting of resolution and letter for Bank Closure

  • Preparation of Statement of Assets and Liability

  • Drafting of Partners Closure Resolution

  • Drafting of Affidavit & Indemnity Bond

  • Application Filing with ROC & Followup

  • News Paper Advertisement

  • Surrender of PAN Card

  • Surrender of TDS Number

  • Surrender of Vat & service Tax Registration

Gold Pack
price
25,000
table
  • Free Adisory

  • Drafting of resolution and letter for Bank Closure

  • Preparation of Statement of Assets and Liability

  • Drafting of Partners Closure Resolution

  • Drafting of Affidavit & Indemnity Bond

  • Application Filing with ROC & Followup

  • News Paper Advertisement

  • Surrender of PAN Card

  • Surrender of TDS Number

  • Surrender of Vat & service Tax Registration