Follow Us on : | | Whatsapp | Phone
Connect for Expert Advice

Please describe your need in details

Have A Query

Have A Query

Leave the business partnership behind And at just INR 19,999/-,

Close your Limited Liability Partnership for good.

Close Limited Liability Partnership

Close Limited Liability Partnership Registration

Fees and charges

12999/- only

No Additional Government Fees

No Govt. Fees

Winding Up Limited Liability Partnership

It is not easy to start a Limited Liability Partnership and run it. However, it is even harder to move on and close the Limited Liability partnership.  However, there are certain circumstances that make it a necessity close such a business entity. The reasons to winding up Limited Liability Partnership can be either of the following:

  • LLP is looking for a way to dissolve as it is not able to pay its debts
  • The LLP has less than two partnership for more than 6 months
  • LLP has committed some act that can be considered criminal
  • The LLP has failed to file its financial statement for the past 5 years.
  • The NCLT has ordered the LLP to shut down.

Any of the above circumstances can make it so that Strike of LLP is the only way. However, there can be other reasons as well.

Close LLP FAQs

How long before can the company file for the closing?

At least a year should have passed from the date of incorporation before the Company files for closing to the Registrar of Companies.

What are the key requirements to file for voluntary closing of the company?

A resolution of Directors approving the closing of the Company and the same being declared with the condition that there are no pending debts is a key requirement for filing the voluntary closing of the Company.

What happens if the company does not comply with the timelines?

If the Company fails to comply with the timelines, a fine or penalty is incurred upon the Directors from starting another Company.

Who should the company notify in case of submitting an application of closing the private limited company?

Within 7 days of application submission, the Private Limited Company must notify the creditors, shareholders, employees, trustees, and other directors.