Apply Strike Off of LLP | Shutdown LLP in days

Want to close your business? Already completed a year from Incorporation and have zero business operations? Close your LLP Company and avoid penalties and punishments. Consult our experts for free at: 8881-069-069. Apply for strike off of LLP application through our website to avoid the hassle of the complicated procedure.

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What is LLP?

LLP stands for Limited Liability Partnership. It is a type of business entity or company registration type where partners have Limited Liability for the corporation. So, LLP is a separate legal entity like a private limited company or corporation. It can also enter into contracts, buy and build assets. LLP Registration is famous for its flexibility of partnership and benefits of a Company.

What is the Strike off of LLP?

Strike Off of LLP is an online and mandatory process to do if you are shutting down your business after having LLP Registration for the duration of one year or more.

It is also mandatory to do Strike Off of LLP through an application procedure if you are not carrying any business activities after incorporating your startup or company as LLP.

Eligibility for applying for Strike Off of LLP Company

#1. LLP Company is Inoperative from the Date of Incorporation.

#2. LLP Company is Inactive for the duration of one year or more.

#3. Current Account of LLP is closed

#4. LLP Company has consent or NOC from different parties such as govt agencies, Creditors, other Partners in the Company

What are the consequences if Strike off of LLP not applied even after business shutdown?

If you don’t apply for Strike Off of LLP even after business is inoperative or closed, you will be liable for doing LLP Compliances LLP Compliances are mandatory even if the company is having zero transactions. Missing LLP Compliances imposes hefty penalties and therefore it is important to apply for strike off of LLP.

The cost of statutory and annual compliances of LLP are also more as compared to the strike off of LLP procedure. Thus, it’s beneficial and the best decision to apply for Strike Off of LLP.

Ways to apply for Strike Off of LLP

Declaring LLP as Defunct or Non-Functioning
If your LLP Company has not carried on any business operation from one year onwards, or if you want to close its business, you need to declare the LLP as defunct or non-functioning to apply for Strike Off of LLP. Declaring a LLP as defunct through an application form will indicate to the registrar to remove the name of LLP from RoC.

Wind up LLP
When an LLP is wound up, its assets are sold to pay off debts, and any remaining funds are split to the owners if there is any. There are two methods for winding up an LLP: voluntary winding up and mandatory winding up.

What are the formalities to be done before applying Strike off of LLP?

#1. Stop the Commercial Activity.

#2. Close down the Current Bank Accounts.

#3. Create Affidavits & Declaration.

#4. Prepare Documents and Submit Documents in the required format.

#5. Obtain a Certificate from Chartered Accountant (CA) notifying no assets and no liabilities are outstanding.

#6. Submit LLP Form 24

Document Requirement for applying Strike off of LLP Company

#1. An account statement that is recent and has been certified by a CA (Chartered Accountant) in practise but is not older than 30 days from the date that form 24 was filed

#2. A copy of the most recent Income Tax Return's acknowledgment

#3. A copy of the original LLP contract

#4. An affidavit that the specified parties have properly signed

#5. A copy of the application detailing all of the LLP's specifics and the grounds for closure

#6. Application duly signed by all the partners

Document Requirement for applying Strike off of LLP Company

Stepwise Procedure for striking off of LLP

  • 1

    Step 1

    Consult our Experts for free through a call at: 8881-069-069 or [email protected]

  • 2

    Step 2

    Document Preparation and Submission for application of Strike off of LLP

  • 3

    Step 3

    Our experts on Strike Off of LLP Company procedure will firstly verify all the documents and prepare an application form. Then apply for the LLP Strike Off on the official government portal.

  • 4

    Step 4

    After the successful verification from the government authorities, we will deliver acknowledgement to your email.

Talk to Advisors

Why choose E-StartupIndia as Service Provider for Striking off your LLP?

E-StartupIndia’s staff is composed of highly skilled professionals including CA, CS, Lawyers, and business administrators. E-StartupIndia is a one-stop solution for LLP Strike Off Procedures. Along with these services, we also offer startup consulting, secretarial compliance services, PAN and TAN registrations, DIN registrations, GST registration, Trademark registration, Income Tax return filing, among many more. Our process is simple and transparent and you are assured of quality service while working with E-Startup India.



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frequently asked questions
  • Listed and Vanishing Companies

  • Companies who have not completed their compliances

  • LLP Companies listed for investigation or inspection

  • Companies who haven’t responded to notices

  • Companies against which any case for prosecution is pending

  • Companies that have filed an application with the appropriate government for compounding the offences committed by them or any of their executives who were in default.

  • companies that are taking any outstanding public deposits.

  • LLPs with charges that have not yet been paid.

  • Companies that have been registered under Section 25 or Section 8 of the Companies Act, 1956.

Even after having its name removed from the Register, LLP is indemnifying itself from any liabilities that could arise. Thus, The promoters or directors are released from their compliance obligations and the risk of non-compliance because the LLP no longer exists after it is closed.

 

Timeline to strike off of LLP depends on a number of factors. You can consult our experts at: 8881-069-069  to know how much time it will take to strike off of your LLP Company. 

 

E-Form 24 is used to apply to the Registrar of Companies to have the name of the LLP struck out. In other words, E-Form 24 is an application form used to apply for LLP Strike Off.

 

Yes, a CA or Chartered Accountant is required to apply for LLP Strike Off. An account statement or certificate certified by CA is a mandatory requirement to apply for LLP Strike Off.

Yes, the process of LLP Strike Off can be done online. All you need is an internet connection on mobile or desktop to connect with our experts who can assist you in Strike off of LLP company procedure.

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