Winding up of LlP

How do you wind up an LLP?

1. Pass resolution for winding up by taking approval of three-fourth of total number of partners.
2. File copy of Resolution to the registrar within 30 days in Form No. …
3. Declaration of solvency need to be filed by majority of designated partners in Form No. …
4. The declaration need to be filed with registrar in Form No.

How can I close my LLP Company in India?

The following procedure can be followed for closing a LLP by filing Form 24:

1. Step 1: Cease Commercial Activity. …
2. Step 2: Close Bank Account(s) …
3. Step 3: Prepare Affidavits & Declaration. …
4. Step 4: Prepare Documents. …
5. Step 5: File Any Pending Documents. …
6. Step 6: Obtain Chartered Accountant Certificate. …
7. Step 7: File LLP Form 24.

How do I terminate an LLP?

LLP can be dissolved through winding-up by court, voluntary winding-up or striking-off by Registrar. The common mode of dissolving a LLP will be applying for voluntary winding-up, initiated by one of the partners of LLP when the LLP has ceased operations and discharged its debts and liabilities.

Can a LLP be dissolved?

If the tribunal is satisfied with the process followed for winding up, it will pass the necessary order whereby LLP shall stand dissolved. … If it did not receive any objection in 30 days then the registrar will dissolve or strike off an LLP.

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