Close Limited Liability Partnership
A tedious but necessary process Close Limited Liability Partnership, enlist our help to reduce your headache.
Close Limited Liability Partnership - An Overview
Since a company has its own separate existence, meeting regulatory compliances and existing apart from its directors and shareholders, it also has its own method of ceasing to exist, rather than an inoperative company simply ceasing to exist. Such voluntary winding up may be initiated by any shareholder, and in case the motion passes, outstanding dues must be first paid out to secured/unsecured creditors as well as employees on the payroll. Once such dues are settled, the bank accounts of the company must be closed, and it must surrender any official registrations it may hold. Any overdue compliances must also be met before an application petition for winding up can be submitted to the Ministry of Corporate Affairs.
Requirements for winding down a company are tedious procedural steps, so leave the work of figuring them out to our experts by signing up for our Company Closing service today, so that you can focus on life ahead of your earlier Company!
Registration Process OF - Close Limited Liability Partnership
- Upon signing up for our Company Closing service, eStartIndia will help you to register and our team of business experts will review the activities of your company, and determine the documents required for commencing the winding up.
- After successfully going through a consultation, our team will prepare an advisory helping you with the necessary steps and draft the necessary paperwork.
- Once the required documentation is compiled, our legal team would file the same with the Ministry of Corporate Affairs.
Documents Required for Close Limited Liability Partnership
- Application for Striking off of the Company.
- Board Resolution for closure.
- Consent of Directors.
- Director's Affidavit.
- Indemnity Bond.
- Statement of Assets and Liabilities.
- Form FTE (in case the FTE scheme is being applied under).
- Up to Date Form 8 & 11.
Frequently Asked Questions
A defunct LLP indicates an LLP that has not started any business or is not carrying on any business for the immediate past one year and has no assets and liabilities.
An LLP fulfilling the following conditions can file an application for striking off its name from the Register of LLP.
- It should have a PAN
- It should be inoperative for a period of at least one year
- It should not have any assets / liabilities as on date of application.
- It should not have any bank account live as on date of application.
Application for striking off the name by a defunct LLP should be submitted to the concerned Registrar along with:
- required fee
- consent of all partners
- affidavits and indemnity by all designated partners
- copy of the latest IT return and
- a Statement of Accounts not older than 30 days from the date of application certified by a Chartered Accountant.