{"id":18376,"date":"2021-11-05T00:28:51","date_gmt":"2021-11-04T18:58:51","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=18376"},"modified":"2023-03-18T16:05:34","modified_gmt":"2023-03-18T10:35:34","slug":"how-to-close-llp-in-india-documents-procedure","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/how-to-close-llp-in-india-documents-procedure\/","title":{"rendered":"How to close LLP in India\u2013 Documents &#038; Procedure"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69ef8379b6b64\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69ef8379b6b64\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/how-to-close-llp-in-india-documents-procedure\/#How_to_close_LLP_in_India_%E2%80%93_Documents_Procedure_in_India\" title=\"How to close LLP in India \u2013 Documents &amp; Procedure in India\">How to close LLP in India \u2013 Documents &amp; Procedure in India<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/how-to-close-llp-in-india-documents-procedure\/#Main_Reason_to_Close_the_Limited_Liability_Partnership_in_India_%E2%80%93\" title=\"Main Reason to Close the Limited Liability Partnership in India \u2013\">Main Reason to Close the Limited Liability Partnership in India \u2013<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/how-to-close-llp-in-india-documents-procedure\/#How_can_you_struck_off_an_LLP\" title=\"How can you struck off an LLP?\">How can you struck off an LLP?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/how-to-close-llp-in-india-documents-procedure\/#FOR_LLP_STRIKE_CLOSER_OF_LLP_PROCESS\" title=\"FOR LLP STRIKE (CLOSER OF LLP) PROCESS: \">FOR LLP STRIKE (CLOSER OF LLP) PROCESS: <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/how-to-close-llp-in-india-documents-procedure\/#PROCESS_FOR_LLP_CLOSING_BY_FILLING_AN_APPLICATION_WITH_ROC\" title=\"PROCESS FOR LLP CLOSING BY FILLING AN APPLICATION WITH ROC:\">PROCESS FOR LLP CLOSING BY FILLING AN APPLICATION WITH ROC:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18387\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/How-to-close-LLP-in-India-\u2013-Documents-Procedure-in-India1.jpg\" alt=\"How to close LLP in India \u2013 Documents &amp; Procedure in India\" width=\"842\" height=\"421\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/How-to-close-LLP-in-India-\u2013-Documents-Procedure-in-India1.jpg 800w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/How-to-close-LLP-in-India-\u2013-Documents-Procedure-in-India1-300x150.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/How-to-close-LLP-in-India-\u2013-Documents-Procedure-in-India1-768x384.jpg 768w\" sizes=\"(max-width: 842px) 100vw, 842px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"How_to_close_LLP_in_India_%E2%80%93_Documents_Procedure_in_India\"><\/span><span style=\"color: #ff0000;\"><strong>How to close LLP in India \u2013 Documents &amp; Procedure in India<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Limited Liability Partnership (LLP) is a common partnership structure in which each member is only liable for a certain amount of money. In fact, an LLP is a company that operates under specified legal conditions and paperwork. There is a pre-determined procedure for registering or closing an LLP. Being a member of an LLP has some advantages, but it also has some disadvantages.<\/p>\n<h3 class=\"q-text qu-display--block\"><span class=\"ez-toc-section\" id=\"Main_Reason_to_Close_the_Limited_Liability_Partnership_in_India_%E2%80%93\"><\/span><span style=\"color: #000080;\"><strong>Main Reason to Close the Limited Liability Partnership in India \u2013<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul class=\"q-box\">\n<li class=\"q-relative\">If the Limited Liability Partnership is Registered for any specified project and its has been completed.<\/li>\n<li class=\"q-relative\">Limited Liability Partnership has become bankrupt.<\/li>\n<li class=\"q-relative\">Few Startups just started with the idea however after testing their ideas there is no profitability so they want to close the Limited Liability Partnership.<\/li>\n<li class=\"q-relative\">When there is no business activity from the long time.<\/li>\n<li>By order of Court due to any situations.<\/li>\n<li>Partners are not willing to continue the business or partnership.<\/li>\n<li>Only 1 partner are remain after the death of the other partner &amp; he is willing to close the Limited Liability Partnership &amp; business.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18377\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/Capture-1.jpg\" alt=\"Can we close LLP without annual filing?\" width=\"848\" height=\"619\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/Capture-1.jpg 714w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/Capture-1-300x219.jpg 300w\" sizes=\"(max-width: 848px) 100vw, 848px\" \/><\/p>\n<p>The entire process could take 3 to 6 months, depending on the Registrar&#8217;s office. Following clearance of the application, the facts will be posted on the Ministry of Corporate Affairs&#8217; website for one month for the general public&#8217;s awareness.<\/p>\n<p>Normally People are discussion about how to establish an LLP company &amp; most of them are unaware that there is a strict procedure for closing an LLP in India. In this article, we will discuss few myths and explain the required steps to close an LLP registered firm in India in details.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_can_you_struck_off_an_LLP\"><\/span><span style=\"color: #000080;\"><strong>How can you struck off an LLP?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To voluntarily struck off LLP, a majority of the partners must sign a petition, or both partners if there are only two. Before you file for a strike off, you must notify creditors, members, and anybody else who has an interest in the LLP&#8217;s business so that they can protest if they desire.<\/p>\n<h3 style=\"text-align: justify; line-height: 22.5pt; background: white; vertical-align: baseline;\"><span class=\"ez-toc-section\" id=\"FOR_LLP_STRIKE_CLOSER_OF_LLP_PROCESS\"><\/span><span style=\"color: #000080;\"><b><span lang=\"EN-IN\" style=\"font-family: Arial, sans-serif;\">FOR LLP STRIKE (CLOSER OF LLP) PROCESS: <\/span><\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify; line-height: 22.5pt; background: white; vertical-align: baseline;\"><span lang=\"EN-IN\" style=\"font-family: 'Arial',sans-serif; color: #222222;\">According to Section 75 of the Limited Liability Partnership Act, 2008, read with Rule 37, an LLP that has not carried on any business or operation for a period of one year can file an application to the Registrar for suo-moto striking off of the LLP&#8217;s name.<\/span><\/p>\n<p>Voluntarily closure of an LLP :\u00a0The method described here is for voluntary LLP winding up. Please make sure that your firm satisfies the minimum criteria before we begin the process of closing it:<\/p>\n<ul>\n<li>ROC &amp; Income tax Returns for the FY in which the LLP business should be closing.<\/li>\n<li>Bank account must be closed down.<\/li>\n<li>LLP deed has to be present.<\/li>\n<li>Form-3 should be used to register the LLP deed with the ROC. (This registration is not required, according to the MCA&#8217;s recent statement, but as we have not handled any such case, the risk remains with you.)<\/li>\n<li>LLP PAN card.<\/li>\n<\/ul>\n<h3 style=\"text-align: justify; line-height: 22.5pt; background: white; vertical-align: baseline;\"><span class=\"ez-toc-section\" id=\"PROCESS_FOR_LLP_CLOSING_BY_FILLING_AN_APPLICATION_WITH_ROC\"><\/span><span style=\"color: #000080;\"><b><span lang=\"EN-IN\" style=\"font-family: Arial, sans-serif;\">PROCESS FOR LLP CLOSING BY FILLING AN APPLICATION WITH ROC:<\/span><\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-18380\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/LLP-image-2.jpg\" alt=\"Can we close LLP ?\" width=\"833\" height=\"543\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/LLP-image-2.jpg 747w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/11\/LLP-image-2-300x196.jpg 300w\" sizes=\"(max-width: 833px) 100vw, 833px\" \/><\/p>\n<p><span style=\"color: #000080;\"><strong>Main Steps to closing an LLP In India.<\/strong><\/span><\/p>\n<p>Step-1 \u2013 Pass a Resolution with regards to closer of an <span lang=\"EN-IN\" style=\"font-family: 'Arial',sans-serif; color: #222222;\">Limited Liability Partnership <\/span>in India.<\/p>\n<p>Step-2 \u2013 Form 1 Filings process<\/p>\n<p>Step-3 \u2013 Declaration of the Debt related to <span lang=\"EN-IN\" style=\"font-family: 'Arial',sans-serif; color: #222222;\">Limited Liability Partnership<\/span><\/p>\n<p>Step-4 \u2013 Form 4 &amp; Value of the Assets<\/p>\n<p>Step-5 \u2013 Obtain consent from the all the Creditors of <span lang=\"EN-IN\" style=\"font-family: 'Arial',sans-serif; color: #222222;\">Limited Liability Partnership\u00a0<\/span><\/p>\n<p>Step-6 \u2013 Filings &amp; Appointment of Liquidator of <span lang=\"EN-IN\" style=\"font-family: 'Arial',sans-serif; color: #222222;\">Limited Liability Partnership\u00a0<\/span><\/p>\n<p>Step-7 \u2013 Finalization of the Books of Accounts of <span lang=\"EN-IN\" style=\"font-family: 'Arial',sans-serif; color: #222222;\">LLP<\/span><\/p>\n<p>You can look <a href=\"https:\/\/www.mca.gov.in\/LLP\/pdf\/llp_winding_up_rules_corrected.pdf\">LLP Closure Rules &amp; Winding Up Rules Here from the official ROC site\u00a0<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Popular Articles :\u00a0<\/strong><\/p>\n<ul>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/procedures-for-conversion-of-partnership-firm-to-private-company\/\">Procedures for the conversion of partnership firm into Private limited company<\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/conversion-of-llp-into-company-limited-by-shares\/\">Conversion of LLP into Company Limited by Shares<\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/everything-that-you-need-to-know-about-limited-liability-partnership\/\">Everything that you need to know about LLP<\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/key-takeaways-on-conversion-of-partnership-firm-into-llp\/\">Key takeaway on the conversion of LLP\u00a0 \u00a0 <\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/limited-liability-partnership-llps-requirements-at-the-time-of-incorporation\/\">LLP Incorporation and Annual Compliances<\/a><\/em><\/li>\n<li><em><a href=\"https:\/\/carajput.com\/blog\/major-compliances-due-date-of-annual-filings-of-every-limited-liability-partnerships-llps-for-the-year-2017-18\/\">Post-Incorporation Compliances Filling of LLP<\/a><\/em><\/li>\n<li><a href=\"https:\/\/carajput.com\/press-releases\/mca-stk-forms-will-be-processed-with-c-pace-mansar-gururam.pdf\" data-cke-saved-href=\"https:\/\/carajput.com\/press-releases\/mca-stk-forms-will-be-processed-with-c-pace-mansar-gururam.pdf\"><strong>MCA : STK forms will be processed with C-PACE &#8211; Mansar Gururam<\/strong><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>How to close LLP in India \u2013 Documents &amp; Procedure in India The Limited Liability Partnership (LLP) is a common partnership structure in which each member is only liable for a certain amount of money. In fact, an LLP is a company that operates under specified legal conditions and paperwork. There is a pre-determined procedure &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[10032],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/18376"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=18376"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/18376\/revisions"}],"predecessor-version":[{"id":18382,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/18376\/revisions\/18382"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=18376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=18376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=18376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}