Closing an LLP in India involves legal procedures, especially when it’s not active or no longer carrying on business. The Ministry of Corporate Affairs (MCA) provides a streamlined path for voluntary closure or strike-off of an LLP under specific rules.
🌐 Official Website: MCA.gov.in 🏛️
🧾 1. Introduction
Closing an LLP is a legal process that must be done in accordance with the LLP Act, 2008 and the LLP Rules, 2009. Whether due to non-functionality, loss, or strategic restructuring, winding up ensures your entity is removed from MCA records and prevents future liabilities.
🪪 2. Types of Closure Options (Licenses Affected)
a. 🧘 Voluntary Strike-off (Form 24)
For inactive LLPs with no business for at least one year.
b. 💼 Winding Up by Tribunal
In cases of insolvency, disputes, or partner disagreement.
c. 📉 Compulsory Strike-off
If ROC initiates closure due to non-compliance (failure to file returns, etc.)
Note: PAN, GST, bank account, and other business licenses need to be cancelled.
👤 3. Who Needs These Services?
- LLPs that are not carrying any business for 1+ years
- Startups that were incorporated but never commenced operations
- Businesses shifting to Private Limited or OPC
- LLPs with no assets or liabilities
👨💼 4. Why Choose a Professional Service Provider?
- 🔍 Drafting affidavits, indemnity bonds & board resolutions
- 📝 Form 24 & MCA filings handled professionally
- 📩 Support in closing bank, GST, PAN & other registrations
- ✅ Prevent rejection due to documentation errors
- 🕒 Saves time, ensures smooth ROC approval
📋 5. Step-by-Step Process to Close LLP
✅ Step 1: Mutual Consent of Partners
All partners must agree to close the LLP.
📄 Step 2: Close Bank Account
Ensure all liabilities are paid and the LLP bank account is closed.
📝 Step 3: Prepare Documents
Affidavits, indemnity bond, ITR, statement of account, resolution.
🧾 Step 4: File Form 24
Submit application for strike-off to MCA along with required documents.
📬 Step 5: ROC Review & Approval
The Registrar will verify and publish a notice before striking off the LLP.
🧾 6. Required Documents
- 🧑🤝🧑 Consent letter from all partners
- 📄 Affidavit & indemnity bond by designated partners
- 💼 Board resolution for strike-off
- 🏦 Closure letter of bank account
- 🧾 Income Tax Return (latest)
- 💰 Statement of accounts not older than 30 days
- 🔐 DSC of partners (for digital signing)
💰 7. Cost Involved
| Activity | Govt. Fees (₹) | Professional Fees (₹) |
| Form 24 Filing (MCA) | Nil | ₹2,000 – ₹4,000 |
| Documentation & Drafting | — | ₹2,000 – ₹5,000 |
| Affidavit/Notary/Stamping | ₹500–₹1,000 | Actual Cost |
💡 Optional: PAN/GST cancellation assistance available at extra cost.
⏳ 8. Time Taken
| Task | Estimated Duration |
| Preparation of Documents | 2–4 working days |
| Filing & MCA Approval | 15–25 working days |
| Total Process | 20–30 working days |
⚠️ 9. Common Mistakes to Avoid
- ❌ Not closing the LLP’s bank account
- ❌ Filing Form 24 without latest financial statements
- ❌ Mismatch in partner affidavits or signatures
- ❌ Forgetting to cancel GST/PAN/other registrations
- ❌ Incomplete closure documents = rejection by MCA
📞 10. Call-to-Action (CTA)
Need to legally close your LLP in India?
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❓ 11. FAQs
Q1: Can I close an LLP that never started operations?
✅ Yes. If it hasn’t carried any business since incorporation, you can use Form 24 for strike-off.
Q2: Do I need to file Income Tax Return?
🧾 Yes. At least one return should be filed before closure, even if NIL.
Q3: What if there are pending liabilities?
❌ The LLP must settle all dues before applying for closure.
Q4: How long does it take to close an LLP?
🕒 Approximately 20 to 30 working days, depending on ROC’s workload.
Q5: Can the closure be done online?
💻 Yes. The entire process, including filing Form 24, is done on MCA.gov.in.
