Closure of an LLP involves ceasing operations, liquidating assets, and ensuring that all statutory obligations are met before deregistration. This process ensures that the partners are not held liable for future non-compliance.

• Inactivity or inability to continue operations.
• Voluntary decision by partners due to strategic reasons.
• Failure to meet statutory compliance requirements.
• Regulatory or judicial order.

• Section 63 to Section 65 of the LLP Act, 2008 govern the winding up and dissolution of LLPs.
• LLP (Amendment) Rules, 2022 outline the procedures for closure.
• Filing of Form 24 with the Registrar of LLPs is required for strike-off.

• Voluntary Strike Off: Partners initiate the closure process.
• Compulsory Strike Off: Registrar removes the LLP’s name due to non-compliance.
• Winding Up: Involves liquidation of assets and settlement of liabilities.

• Ensure no outstanding debts or liabilities exist.
• Obtain consent from all partners and creditors.
• File all pending statutory returns, including GST and income tax.
• Prepare necessary documents for filing with the Registrar.

• Step 1: Hold a meeting of partners to approve the closure.
• Step 2: Obtain a declaration from partners confirming no liabilities.
• Step 3: File Form 24 with the Registrar along with supporting documents.
• Step 4: Clear all pending compliance filings and liabilities.
• Step 5: Await confirmation of closure from the Registrar.

• Outstanding liabilities or disputes with creditors.
• Incomplete statutory filings leading to rejection of Form 24.
• Delays in obtaining approvals from partners or regulators.

• Consent letters from partners and creditors.
• Declaration of non-operation and no liabilities.
• Latest financial statements and GST filings.
• Filing of Form 24 and supporting documents.

• File Form 24 with the Registrar along with supporting documents.
• Submit all pending statutory returns and compliance filings.
• Receive confirmation of closure within 3-6 months, subject to approval.

• ROC Filing Fees: Rs. 500 to Rs. 2,000 for Form 24.
• Professional Fees: For preparing documents and advisory services.
• Estimated Total Cost: Rs. 10,000 to Rs. 25,000, depending on complexity and professional assistance.