Strike Off LLP

Closure of a Limited Liability Partnership

 

 

As LLP is a separate legal entity, it is created by following a legal proceeding hence when it comes to its closure there is a proper legal procedure to be followed.

 

An LLP may be closed through winding-up or through striking off its name from Register of LLP. The winding-up may be a costly or time-consuming affair for many LLPs as it includes approval from Tribunals and involvement of Liquidators. Therefore, the LLP that has been non-operative since its formation or for more than a year, may proceed the easy way of exit i.e. Strike-off.

 

The LLP will be declared struck-off after the publication of notice by Ministry. Once it is struck-off, the LLP cease to be in existence in the eyes of law. 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.

 

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 Register of LLP 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 moto strike off the LLP.

 

Choose Your Package

Silver

₹ 8499/-

  • Wind up an LLP with no transactions since incorporation

Gold

₹ 10199/-

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

Platinum

₹ 14999/-

  • Wind up a company with no transactions since incorporation
  • 2 Directors' DIR 3 KYC
  • 2 DSC Application Class III Individual 2 Year Validity
  • GST Cancellation

 

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

 

 

 

 

 

 

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

 

 

 

 

Be Compliant With UpriseLegal

 

 

With our experienced and skilled personnel, We at UpriseLegal provides a comprehensive compliance service  at a very affordable prices.We follow law to the core and uses our knowledge to avoid any hassles in your business so that you can rise and grow! You may get in touch with our compliance manager on 9173512402 or email us at [email protected] for free consultation