Get 360° Online Assistance from India’s Recommended CA Panel in the Complete & Quick LLP Closure and Winding Up Process
The Govt. of India has enacted the Limited Liability Partnership (LLP) Settlement Scheme, 2020, that overviews the LLP related issues in the country. Get the country’s recommended CA Panel’s assistance from Taxra Biz Advisors Private Limited™ to complete the LLP Closure / Winding Up procedure following the provisions of the Scheme, LLP Act, 2008, and the Registrar of Companies (ROC).
By filing the Form-24 of Limited Liability Partnership (Amendments) Rules, 2017, a concerned personnel can close down an LLP. The frequent reasons are namely:
The LLP winding up process can be initiated by carrying out the followings:
The winding up process of a registered LLP can be initiated in two ways:
Voluntarily Winding Up
Here the partners of the concerned LLP can decide by themselves and close down the LLP by following the necessary legal steps as per the ROC. The decision should be authorized by 3/4th of the total numbers of partners.Compulsory winding up by Tribunal
The ROC can initiate the process of closing down a particular LLP that has not executed any business operation and Appliance filing for more than one year. It also takes place in case the particular LLP is convicted of being associated with any illegal or fraudulent instance.As per the provisions of the Ministry of Corporate Affairs (MCA) & Registrars of Companies (ROC), the required documents and activities are likewise: