The LLP can be closed voluntarily if LLP wants to close the business or does not carrying on any business for more than 1 year. The pre-requisite for closure of an LLP are as under.
- Resolution of the partners
- Consent letter from the partners
- Affidavit of declaration of solvency from the partners
- Indemnity bond from the partners
- NOC from all the creditors
- Application
- Authorization letter
- Certified nil statement of assets and liabilities
- Latest income tax return
- Proof for closure of bank account
After collecting all such documents, one has to file the eform for striking off an LLP. If all the information and documents are proper then the Ministry approves the form and issues public notice of 30 days. After such 30 days the LLP will be strike off.
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