In case you want your LLP closure, an application to the registrar of companies in e-form 24. This form is for declaring the status of the LLP defunct and removing the name of the LLP from its register of LLP. If your business is not running since incorporation or in past 1 year, you can file the form
Closing of LLP can only be possible if the LLP has done its LLP annual compliances. Although it is not mandatory if no business done since incorporation. Before striking off LLP, closure of the existing current account of the LLP is mandatory.
LLP strike-off applications must have mandatory attachments of an affidavit and indemnity bond. ROC post satisfaction will publish LLP in the journal for public comments. Authority will allow it if there is no public opposition to the closure of LLP.
After filing the LLP closure application, there is no need to do further LLP compliances.
After allowing the application for LLP closing, there will not be any penalties. No LLP compliances and penalties levied.
If the LLP business is not running well, then a new business could be set up and time invested.
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