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Breif
Closure of an LLP is the legal process of formally shutting down an inactive or non-operational LLP by complying with MCA and statutory requirements.
Overview
LLP closure involves settling liabilities, completing pending compliances, and filing prescribed forms with authorities to officially remove the LLP from the register and avoid future penalties.
Process
Step 1 -Obtain DSC for directors/authorized signatories.
Step 2 - Pass consent of all partners for closure.
Step 3 – Stop all business activities of the LLP.
Step 4 – Settle all liabilities and statutory dues.
Step 5 – Close LLP bank accounts.
Step 6 – Prepare affidavits and indemnity bonds.
Step 7 – File Form 24 with the Registrar of Companies.
Step 8 – ROC verification and strike-off of LLP name.
Checklist
Details & Documents Required for LLP Closure
1. LLP & Resolution Details
- Consent of all partners approving closure of the LLP
- LLPIN and basic LLP details
- List of partners and designated partners with PAN, address, and contact details
- Latest Statement of Accounts and Solvency
Bank account details of the LLP
2. Documents from Partners
- PAN card of all partners
- Recent passport-size photographs of partners
- Identity proof: Aadhaar / Passport / Voter ID / Driving License
- Mobile number and email ID of partners
- Address proof: Bank statement / utility bill / government-issued document
3. Other Supporting Documents
- Affidavit from designated partners
- Indemnity bond executed by partners
- NOC from creditors, if applicable
- Copy of LLP Agreement
Latest Income Tax Return acknowledgement
Time Taken
Total Time: Approximately 7–10 working days from the date of receipt of all required documents.
- DSC Verification & Preparation: 1 day
- Partners’ Consent & Resolution Drafting: 1-2 days
- Preparation of Statutory Documents (Affidavit, Indemnity Bond, Statement of Accounts): 1–2 days
- ROC Filing (Form 24) & Follow-up: 1-3 days
- ROC Verification & LLP Strike-off Confirmation: 2-3 days
Deliverable
The following deliverables are included in the Biz Silver Plan. Deliverables for other packages may vary accordingly:
- Drafted consent and resolution of partners
- Prepared affidavits and indemnity bonds of partners
- Statement of Accounts certified by a Chartered Accountant
- Filing of LLP Form 24 with ROC
- ROC acknowledgement and filing receipts
- Confirmation of LLP strike-off / closure certificate
Why Choose Us
Bizeneed make LLP closure fast, simple, and hassle-free. Our team of experts ensures complete compliance with all legal requirements, prepares and files all necessary documents accurately, and handles follow-ups with the Registrar. By choosing us, you save time, effort, and avoid costly errors, while getting end-to-end support from start to finish.
FAQs
LLP closure is the legal process of dissolving a Limited Liability Partnership (LLP) and removing it from the Registrar of Companies’ records.
An LLP can be closed if it has no business activity, cannot pay its debts, has completed its objective, or if continuation becomes legally impractical.
All designated partners of the LLP must consent to the closure and initiate the process.
While not mandatory, inactive LLPs must be closed to avoid penalties for non-compliance with MCA regulations.
Yes, partners can file for voluntary strike-off if the LLP has no pending liabilities.
The process involves settling liabilities, preparing affidavits and indemnity bonds, obtaining partners’ consent, and filing Form 24 with the ROC.
Typically, it takes 7–10 working days from receipt of all required documents.
Form 24 is the statutory form submitted to the Registrar of Companies for voluntary strike-off of an LLP.
It is recommended to certify solvency and the Statement of Accounts, though not strictly mandatory.
Yes, filing Form 24 and other statutory documents can be done through the MCA portal.
- Partners’ consent
- Affidavit and indemnity bond
- Statement of accounts certified by a CA
- Latest LLP Agreement
Income Tax return acknowledgement
Yes, all designated partners must approve and sign the consent and affidavits.
Yes, NOCs from creditors or statutory authorities may be required if there are pending liabilities.
Yes, PAN of all partners is required for ROC filing.
Yes, all LLP bank accounts should be closed and liabilities settled before filing Form 24.
Yes, the ROC issues an official strike-off/closure confirmation once verification is complete.
The ROC will not approve closure until all debts and statutory dues are settled.
Once Form 24 is approved and the LLP is struck off, reversal is not possible.
Yes, continuing non-compliance can result in fines for late filing of annual returns and financial statements.
Yes, professional services can handle filing, follow-ups, and provide closure confirmation to ensure full compliance.