Close LLP

Close LLP Registration

  • INR 8,000 /-
  • All Inclusive, No hidden Charges

Basic Plan

Limited Liability Partnership or famously known as LLP, which is limited liability partnership, is a company where all partners have limited liabilities.
Here, one partner is not responsible for other partners  diligence or negligence.

Requirements for closing Limited Liability Partnership:
Voluntary closing of LLP:
For closing the LLP voluntarily, it should have the consent and approval of at least three fourths of the total members in the company. If the LLP also have lenders, they should also get the approval of the lenders.
Compulsory closing of LLP:
. LLP wants to dissolve, as it is unable to pay its debts
. There are less than two Partners in the LLP for a period of more than six months
. LLP has acted in a fraudulent manner or against the integrity and sovereignty of India
. The LLP has not filed financial statements for preceding five consecutive years
. The tribunal is of the opinion that the LLP is equitable and that LLP should be shut.

Copy of the resolution shall be filed with the Registrar

Affidavit and form is to be submitted to the registrar

Creditors consent must also be filed

Final accounts of the LLP are to be submitted.

Within 7 days of application submission, the Private Limited Company must notify the creditors, shareholders, employees, trustees, and other directors.

If the Company fails to comply with the timelines, a fine or penalty is incurred upon the Directors from starting another Company.

At least a year should have passed from the date of incorporation before the Company files for closing to the Registrar of Companies.

A resolution of Directors approving the closing of the Company and the same being declared with the condition that there are no pending debts is a key requirement for filing the voluntary closing of the Company.