Close Inactive or Defunct LLP
Easy Strike-off Method (Form 24)

Step-1 : Obtain Partner's Consent for LLP Closure

The first step in closing the LLP by striking off is to obtain the unanimous consent of all partners. This means that every partner must agree to the closure of the LLP. For this purpose, the standard practice is to call a meeting of all the partners of the LLP, and in the meeting, a decision to close the LLP should be made. The LLP should also authorise one or more designated partners to do the documentation for the LLP Striking off

Step-2 : Surrender all Registrations such as GST.

The partner's affidavit and the indemnity bond expressly declare that the LLP has no assets or liabilities. In order to make the above declaration, it is imperative to pay all the government dues and surrender the registrations or licences obtained by the LLP. These include GST registration and filing of the Final GST-10 Return. In case there are other industry-specific licences, like FSSAI, drug licences, etc., in the name of the LLP, these should be surrendered before filing the striking-off application for the LLP.

Step-3 : Close the Bank Account of the LLP

If the LLP has opened/operated a bank account, then the same needs to be closed. Obtain a closure certificate and the Bank Statement from the date of its opening up to the date of closure. The closure letter is filed as a mandatory attachment with application form 24 to strike off the LLP.

Step-4 : Obtain a CA Certified Financial Statement.

Obtain a CA-certified statement of account certifying that the LLP has no assets or liabilities. For this purpose, we advise you to recheck your books of account. If there are any assets or liabilities, first settle them and make your LLP ready for the strike-off. The next step would be to engage a practising chartered accountant to check and certify the account statement. Please note that the financial statement should not be older than 30 days from the date of filing Form 24 for striking off the LLP.

Step-5 : Affidavits and Indemnity Bond by the Designated Partners

All partners will have to swear affidavits declaring the inactivity of the LLP for the period mentioned, that everything that is being filed in the striking-off application is correct, and that all the information furnished is accurate. The designated partners (DP) are also required to give an indemnity bond that they will continue to remain personally liable for any future claim or dues once the LLP is struck off/closed. The affidavit and the indemnity bond executed by the designated partners need to be accompanied by the appropriate stamp paper value, which varies from state to state. Further, the affidavit and indemnity bond must also be notorised.

Step-6 : Filing of Application Form 24 for Striking Off.

Finally, after all the prerequisites are fulfilled, you can proceed with preparing e-form 24. Attach/upload the scanned copies of all the necessary attachments. Form 24 is filed online on the mca portal (www.mca.gov.in) after its digital authentication using the (www.mca.gov.in) after its digital authentication using the digital signature of any of the LLP designated partners. Pay the prescribed ROC fee for striking off the LLP.

Step-7 : Strike-off by the ROC:

Upon receiving the application, the ROC examines it thoroughly for any discrepancies. If the application and attached documents are found to be in order, the ROC will publish a notice of its intention to strike off the LLP in the Official Gazette and on the MCA website, ensuring complete transparency. This notice typically remains open for a period of around 30 days, during which the general public can raise objections. If no valid objections are received within the stipulated time, the ROC will proceed to strike off the LLP, and its status on the MCA website will subsequently be updated to "struck-off" after due verification.