Overview of Closing of The LLP

A LLA can be close due to not carrying of the business or Conversion of LLP, it can make an application to the Registrar of Companies for declaring the company as defunct and removing the name of the LLP from its register of LLP’s. There are two modes of closure of LLP. 1. Winding up LLP: An application to Tribunal 2. Strike off LLP: Form 24  

E form 24 shall attached following documents.

1. A statement of account disclosing nil assets and nil liabilities of LLP, 2. An affidavit signed by designated partners. 3. Copy of Detailed Application. 4. Copy of Authority to Make the Application- Duly signed by all the Partners. Easymantax offers quick Closure of LLP in India. Easymantax can help you to Closure of LLP. Generally it take 4 - 5 working days to closing of the LLP.  

LLP Destination assists you in Winding Up the LLP and deciding the appropriate timing to wind up or close the LLP

• Winding up is a process, where all the assets of the business are disposed of to meet the liabilities of the same and surplus any, is distributed among the owners. • Winding up of an LLP may be of two kinds - voluntary or by the tribunal and limited liability partnership, so wound up may be dissolved • The LLP (Winding up and Dissolution) Rules shall govern the procedure and proceedings for winding up and dissolution of an LLP • Under the voluntary winding up, the partners may among themselves decide to be wound up • A LLP may be compulsorily wound up by the Tribunal on the happening of any of the events specified under clause (a) to (f) of Section 64 of the LLP Act - • If the limited liability partnership decides that the limited liability partnership be wound up by the Tribunal • If, for a period of more than six months, the number of partners of the limited liability partnership is reduced below two • If the limited liability partnership is unable to pay its debts • If the limited liability partnership has acted against the interests of the sovereignty and integrity of India, the security of the State or public order • If the limited liability partnership has made a default in filing with the Registrar the Statement of Account and Solvency or annual return for any five consecutive financial years • If the Tribunal is of the opinion that it is just and equitable that the limited liability partnership be wound up.  

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