LLP strike off refers to the voluntary closure of an LLP that has either not commenced business or has ceased its operations. Once the strike-off process is completed, the LLP is dissolved and ceases to exist as a legal entity.

When Can an LLP Apply for Strike Off?

An LLP can apply for strike off if:

• It has not started any business since incorporation, or

• It has stopped carrying on business activities for a period of time

• It has no outstanding liabilities or debts

• All partners agree to close the LLP

Legal Provision

The strike-off of LLP is governed under the provisions of the Limited Liability Partnership Act, 2008, and is processed by filing Form 24 with the Registrar of Companies (ROC).

Documents Required

The following documents are typically required for LLP strike off:

• Application in Form 24

• Consent of all partners

• Affidavit and indemnity bond signed by partners

• Statement of accounts showing nil assets and liabilities (certified by a Chartered Accountant)

• Copy of LLP agreement

• Income tax return acknowledgement (if filed)

• Details of closure of bank accounts

Procedure for LLP Strike Off

1. Close Bank Account

Ensure all bank accounts in the name of the LLP are closed.

2. Settle Liabilities

Clear all outstanding dues, liabilities, and obligations.

3. Prepare Documents

Draft affidavits, indemnity bonds, and statement of accounts.

4. Obtain Partner Consent

All partners must agree and provide consent for closure.

5. File Form 24

Submit the strike-off application along with required documents to ROC.

6. Verification by ROC

The ROC reviews the application and may ask for clarifications.

7. Strike Off Approval

Once approved, the name of the LLP is removed from the register, and the LLP is dissolved.

Important Points to Note

• LLP must have no pending liabilities at the time of application

• All statutory filings should be completed up to the date of cessation

• The statement of accounts should not be older than 30 days from filing

• Consent of all partners is mandatory

Consequences of Not Closing an Inactive LLP

If an inactive LLP is not properly closed:

• It must continue filing annual returns and statements

• Late fees and penalties may accumulate

• Partners may face legal and financial liabilities

• Compliance burden continues unnecessarily

Benefits of LLP Strike Off

• Simple and cost-effective closure process

• Eliminates ongoing compliance requirements

• Avoids penalties for non-filing

• Provides a clean legal exit for partners

How We Assist

• Evaluation of eligibility for LLP strike off

• Preparation of all required documents and statements

• Filing of Form 24 with ROC

• Coordination with authorities for approvals

• Complete end-to-end support until closureWe provide comprehensive assistance for LLP STRIKE OFF. Our team of experts ensures smooth processing and compliance with all regulatory requirements.