KRYSTAL7
Business Solutions Made Simple
Hassle-Free LLP Closure

Close Your LLP Gracefully and
Avoid Future Compliance Burdens.

Winding up a Limited Liability Partnership is a formal legal process to close a non-operating business. Proper closure via Form 24 is crucial to prevent penalties for non-filing of annual returns and to provide legal finality for all partners.

Close My LLP
ROC Compliant Closure Avoid Future Penalties End-to-End Process
Our Simple Roadmap

Our 6-Step LLP Strike-Off Process (Form 24)

A clear and compliant process for closing a defunct LLP.

1

Cease Operations

Ensure the LLP has ceased all commercial activity for at least one year before initiating closure.

2

Settle Liabilities

Close all bank accounts, settle all debts, and ensure there are no outstanding liabilities.

3

Partners' Consent

Convene a meeting to pass a resolution with the consent of all partners for striking off the LLP's name.

4

Prepare Documents

Draft affidavits from all partners and indemnity bonds as required for the application.

5

File Form 24

We file the e-Form LLP-24 with the Registrar of Companies (ROC), attaching all necessary documents.

6

ROC Approval

The ROC reviews the application and, upon satisfaction, strikes the LLP's name from the register, completing the dissolution.

The Reality

Strategic Edge vs. Operational Realities

Understanding the critical importance of formally closing a non-operational LLP.

Strategic Edge

Proper closure is a smart financial and legal decision for the partners.

  • Saves Future Costs: Officially closing the LLP eliminates the legal requirement to file annual returns (Form 8 & 11), saving you money year after year.
  • Avoids Hefty Penalties: Prevents the accumulation of huge late-filing penalties (₹100 per day, per form) that are levied on defunct but active-on-record LLPs.
  • Provides Peace of Mind: Gives legal finality to the business venture and formally relieves designated partners of their compliance duties and liabilities.

Operational Realities

The process is governed by strict rules and prerequisites.

  • Must Be Defunct: The LLP must have been inactive for at least one full year. An active LLP cannot be closed using the simpler strike-off process.
  • Requires Nil Liabilities: All creditors must be paid off, and bank accounts closed. Partners must legally declare this in affidavits, and any false statement has serious consequences.
  • All Past Compliance Must Be Met: You cannot apply for closure if any past annual filings (Form 8, Form 11) are overdue. All pending compliance must be completed first.
Ensure a Clean Exit

Ready to Formally Close Your LLP?

Don't let a dormant LLP become a future liability. Our experts handle the entire winding-up process to ensure your LLP is closed correctly, legally, and without any complications.

Compliant
Closure

Avoid Future
Penalties

Expert
Guidance

Get the peace of mind that comes with a proper legal closure.

Fill the form to get a free consultation on your LLP winding-up process!

Questions Answered

Frequently Asked Questions

Key information about closing a Limited Liability Partnership

Striking Off (via Form 24) is a simpler, faster, and more cost-effective method for LLPs that have been defunct (not operating) for at least a year and have no assets or liabilities. Winding Up is a more formal and lengthy process, often involving a liquidator and court oversight, used for LLPs that are still operational or have significant assets/liabilities to settle.

No. A mandatory prerequisite for filing Form 24 is that the LLP must have filed all its overdue returns (Form 8 and Form 11) up to the end of the financial year in which it ceased its business operations. All pending compliance must be completed first.

To be eligible for strike-off via Form 24, the LLP must have no liabilities and must have closed all its bank accounts. A bank closure certificate or a statement showing zero balance is a required attachment for the form.

After filing Form 24, the process typically takes about 3 to 6 months, depending on the workload and processing times at the Registrar of Companies (ROC). The ROC will publish a public notice before officially striking the name off the register.

This is highly inadvisable. The LLP and its designated partners remain legally liable for all annual compliance. Penalties for non-filing of Form 8 and Form 11 (₹100 per day, per form with no cap) will continue to accumulate. The designated partners can also face prosecution and disqualification.

Yes, for a voluntary strike-off using Form 24, consent from all partners is required. This is typically documented through a formal resolution. Additionally, all designated partners must provide affidavits and indemnity bonds as part of the application.