Officially shut down your Limited Liability Partnership that is inactive or defunct. Filing Form 24 allows for a fast-track exit mode to remove the LLP name from the ROC register.
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If your Limited Liability Partnership (LLP) is not carrying on any business for a period of one year or more, it is advisable to close it officially. Keeping a dormant LLP active invites unnecessary compliance costs and penalties for non-filing of annual returns.
Avoid the unlimited penalty of ₹100 per day for late filing of Form 8 and Form 11 by closing the LLP.
Once struck off, you are free from maintaining books of accounts, audits, and annual filings.
It provides a legal and clean exit for partners, ensuring no future liability arises from the dormant entity.
Designated Partners get relieved from their duties and can focus on other active business ventures.
Pay off all liabilities and close the bank account of the LLP.
Drafting the Statement of Accounts (certified by CA), Affidavit, and Indemnity Bond.
Filing the application for Strike Off (Form 24) with the Registrar of Companies.
The ROC publishes a notice, and if no objections are received, the LLP is struck off.
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