Section 63, 64 and 65 of LLP Act 2008 governs the process for winding up of the LLP It is the process where all the assets of the business are disposed off to meet the liabilities and if surplus any is distributed among the partners.
The LLP Act 2008 provides for following two modes for winding up the LLP i.e.
Under this, the partners may between themselves decide to stop and wound up the operations of the LLP.
A limited liability partnership may be compulsorily wound up by the Tribunal, it can be because of various reasons-:
What you do
You just need to fill our Simple form stating the basic details of the partners and also few documents asked by our experts.
What We do
We will prepare and file your Documents with Registrar of Companies (ROC).
What you get
Once the request for closure of business will be accepted by the ROC, we will provide you the documents received from ROC confirming the Closure of LLP.
At least a year should have passed from the date of incorporation before the LLP files for closing to the Registrar of Companies.
The Form has to be filed with ROC office within 30 days from the date of Signing of the Statement of Assets and Liabilities.
If the Company fails to comply with the timelines, a fine or penalty is incurred upon the Directors from starting another Company.
Yes, it is necessary to file closing application with the Registrar as it needs to be updated and the Company is free from all legal compliances and officially closed.
