LLP Closure
An LLP is established under Limited Liability Partnership Act. LLP can be closed after compliance of the laws of LLP Act.
Closure of Inactive LLP on Fast Track Mode
- In case your LLP has not started any business or operation or in case it started is not carrying the same as of now since past one year.
- If the LLP Does not have any asset or liability and the bank account of the LLP was either not opened or if opened is closed now.
- The designated partners shall give an affidavit and indemnity bond to settle any liability which may arise on LLP in future.
- An application for closure needs to be filed with the ROC for declaring the LLP as defunct and for striking off its name from the register of LLP.
