Closure of LLP (Striking Off)
Formally dissolve your non-operational Limited Liability Partnership by striking its name off the ROC records via **Form 24** to avoid future penalties.
Lawizer ensures your LLP closure is compliant with the LLP Act, 2008, handling all statutory forms and documentation.
The Importance of Legal Closure
Even if your LLP has ceased business, it remains a legal entity with mandatory annual filing obligations (Form 8 and 11). Legal closure via striking off (**Form 24**) is critical to **eliminate statutory compliance requirements**, remove the tag of defaulter, and prevent the accrual of heavy penalties.
Key Benefits of Formal LLP Closure
Removes legal hassles and avoids continuing non-compliance
Eliminates the risk of accumulating penalties and fines
Formal closure frees partners from LLP statutory obligations
Removes the entity's 'defaulter' status (if applicable)
Pre-Requisites for Striking Off (Form 24)
Before filing Form 24, ensure the following eligibility and documentation requirements are met:
Annual ROC Return Filings (Form 8 and Form 11) must be up to date
LLP Should be Inoperative for more than 1 or 2 consecutive Financial Years (depending on scheme)
Bank Account of the LLP should be Closed and Statement of Accounts prepared
Latest Filed Income Tax Returns and Indemnity Bond/Affidavit prepared
DIN of all Designated Partners should be in 'APPROVED' Status
Minimum 2 Valid Digital Signatures (DSC) of Designated Partners
Lawizer Deliverables
All filed e-forms with MCA (e.g., Form 24)
MCA payment challan for closure fees
LLP Closure Certificate (Confirmation of Striking Off)
Drafted Indemnity Bond and Affidavit documents
Partner Resolution for voluntary closure
Frequently Asked Questions
Closure of an LLP is the formal legal process of voluntarily dissolving the business and legally ending its existence by striking its name off the Registrar of Companies (ROC) records.
Closure (or Striking Off) is typically done voluntarily for non-operational LLPs (via Form 24/FTE). Winding up is a formal liquidation, either voluntary or by court order, involving asset distribution. Dissolution is the final act of ending the legal existence.
It is necessary to file Closure with the ROC (MCA) so the database is updated. Unless this is approved, the LLP is not legally closed and is still required to file all regular annual returns and compliances, incurring penalties if not done.
FTE is an LLP closure scheme initiated by MCA for easy and faster striking off (closure) of LLPs that meet specific eligibility criteria, often related to being non-operational for a period.
Generally, any LLP which has been inoperative for more than 1 year (or 2 years depending on the method) from the date of its incorporation can apply for Closure, provided all other pre-requisites are met.
Application for Striking off (Form 24), Partners' Resolution for closure, Consent of Partners, Partners' Affidavit, Indemnity Bond, and Statement of Assets and Liabilities are key documents. Lawizer assists in preparing and filing these.
Form 24 is the primary e-form required to be filed with the ROC for the Striking Off (Closure) of the LLP.
The Form 24 has to be filed with ROC office within **30 days** from the date of Signing of the Statement of Assets and Liabilities for all partners.