Expert Assistance to Close Your Inactive LLP with Form 24 Filing in 30 to 90 Days Starting at Just ₹7,999
100% Online MCA V3 Filing. Strike Off, Voluntary & Compulsory Winding Up. Government Fee ₹50 to ₹200 (Separate). Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
Form 24 Filing on MCA Portal
Certified Statement of Accounts
Affidavit & Indemnity Bond Preparation
Partner Consent Resolution Drafting
GST Cancellation Guidance
Pending Form 8 & Form 11 Filing
Final ITR Filing Assistance
Post-Filing RoC Tracking
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Get expert Form 24 filing assistance with complete pre-closure compliance clearance. Professional fees from ₹7,999. Government fee ₹50 to ₹200 (separate).
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LLP Closure Assistance Package 2026
From ₹7,999 IncorpX professional fee for assistance
Timeline depends on the application type and authority review
Application support Professional assistance
Form 24 Filing on MCA V3 Portal
Certified Statement of Accounts
Affidavit & Indemnity Bond Preparation
Partner Consent Resolution Drafting
DSC Assistance for Designated Partners
GST Cancellation Guidance
Pending Form 8 & Form 11 Filing Support
Final ITR Filing Coordination
Post-Filing RoC Status Tracking
Strike Off Order Confirmation
*Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
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LLP closure is the legal process of dissolving a Limited Liability Partnership by striking off its name from the MCA register or winding up through NCLT, governed by Sections 63-65 of the LLP Act, 2008 and Rule 37 of LLP Rules, 2009.
LLP closure permanently ends a Limited Liability Partnership's legal existence in India. Partners who no longer wish to operate their LLP must formally close it to avoid accumulating additional filing fees and statutory penalties for each unfiled annual return (Form 8 and Form 11). The LLP Act, 2008 provides three closure methods: strike off by RoC under Rule 37 (simplest, via Form 24), voluntary winding up under Section 65 (partner-initiated), and compulsory winding up under Section 63 (Tribunal-ordered). Most inactive LLPs use the strike off route, which requires the LLP to have ceased business for at least 1 year with nil assets and liabilities. The government fee for Form 24 ranges from ₹50 to ₹200 (based on total partner contribution), making strike off the most cost-effective closure method. All pending annual filings, GST cancellation, and final ITR must be completed before applying. Explore all business closure services or learn about LLP registration if you are planning a new venture.
Governing Law: LLP Act, 2008 (Sections 63, 64, 65) | Rules: LLP Rules, 2009 (Rule 37) | Winding Up Rules: LLP (Winding Up and Dissolution) Rules, 2012 | Regulator: Registrar of Companies (mca.gov.in) | Primary Form: Form 24
The LLP Act, 2008 provides three distinct methods to close a Limited Liability Partnership. The right method depends on your LLP's financial position, partner consensus, and compliance status.
1. Strike Off by RoC (Form 24): The simplest and most affordable route. Designated partners file Form 24 under Rule 37 of LLP Rules, 2009 with the Registrar. The LLP must have ceased business for at least 1 year and must have nil assets and nil liabilities. Government fee ranges from ₹50 to ₹200 (based on total partner contribution). Processing takes 30 to 90 days. This method suits 90% of inactive LLPs.
2. Voluntary Winding Up (Section 65): Partner-initiated dissolution for solvent LLPs. Requires written consent from 3/4th of partners by value, appointment of a liquidator, settlement of all debts, and distribution of surplus assets. This route applies when the LLP has assets and liabilities that need formal settlement. Timeline: 3 to 6 months.
3. Compulsory Winding Up by NCLT (Section 63): Tribunal-ordered dissolution under Section 63, triggered by grounds listed in Section 64: inability to pay debts, non-filing of returns for 5 consecutive years, acting against India's sovereignty, or when the Tribunal deems it just and equitable. Any partner, creditor, or the Central Government can file a petition. Timeline: 6 to 24 months. The Insolvency and Bankruptcy Code (IBC), 2016 also applies for insolvency-related closures.
Parameter
Strike Off (Form 24)
Voluntary Winding Up
Compulsory Winding Up
Legal Provision
Rule 37, LLP Rules 2009
Section 65, LLP Act 2008
Section 63, LLP Act 2008
Initiated By
Designated Partners
Partners (3/4th consent)
NCLT (on petition)
Eligibility
Ceased business 1+ year, nil balances
Solvent LLP, partner consent
Insolvent, non-compliant
Key Form
Form 24
Multiple forms
Petition to NCLT
Government Fee
₹50 to ₹200
Varies
Court fees
Timeline
30 to 90 days
3 to 6 months
6 to 24 months
Complexity
Low
Medium
High
Best For
Inactive/defunct LLPs
Solvent LLPs ceasing voluntarily
Insolvent/disputed LLPs
Recommendation: For 90% of inactive LLPs, strike off via Form 24 is the recommended method. It costs ₹50 to ₹200 in government fees (based on total partner contribution), takes 30 to 90 days, and requires minimal documentation compared to winding up through NCLT.
Who is Eligible for LLP Strike Off?
An LLP qualifies for strike off via Form 24 under Rule 37 of LLP Rules, 2009 only if it meets all of the following conditions. Failing even one condition means you must explore voluntary or compulsory winding up instead.
Requirement
Details
Business Cessation
LLP has ceased business for at least 1 year, or never commenced business since incorporation
Nil Assets
No assets remaining in the LLP's name
Nil Liabilities
No outstanding debts to vendors, lenders, or statutory authorities
Annual Filings Current
All Form 8 and Form 11 filed up to date on MCA portal
No Pending Litigation
No ongoing legal proceedings involving the LLP
GST Cancelled
GST registration cancelled via Form GST REG-16
Bank Accounts Closed
All LLP bank accounts closed with closure certificates obtained
Final ITR Filed
Income tax returns filed for all financial years up to cessation
No Pending Tax Demands
No outstanding demands from Income Tax or GST departments
Partner Consent
Written consent from all designated partners for closure
Warning: LLPs with pending liabilities, ongoing litigation, or unsettled tax demands cannot use the Form 24 strike off route. These LLPs must pursue voluntary winding up (Section 65) or compulsory winding up through NCLT (Section 63).
Never Started Business? LLPs that never commenced operations are eligible for strike off as long as they file nil Form 8 and Form 11 returns for all pending years. The certified Statement of Accounts will show nil across all fields, making the process straightforward.
Documents Required for LLP Closure
Gather these 14 documents before starting the Form 24 filing process. Missing or expired documents are the most common reason for RoC rejection.
Core Filing Documents
Statement of Accounts (Expert Certified)Proves nil assets and liabilities. Must be dated within 30 days of Form 24 filing
Partners Consent ResolutionWritten approval from all designated partners in prescribed format
Affidavit by Designated PartnersDeclares nil liabilities and business cessation. Notarized, on stamp paper
Indemnity BondIndemnifies against future claims post-closure. Non-judicial stamp paper, notarized
Bank Account Closure CertificateProof all LLP accounts are closed, from each bank
LLP AgreementCopy of executed LLP agreement from registration
PAN Card of LLPSelf-attested copy for entity identification
NOC from Regulatory AuthoritiesRequired only for regulated sectors (banking, NBFC, insurance)
Pro Tip: Check DSC Validity Early
Expired DSCs are a frequent cause of filing delays. Renew your digital signature certificate at least 2 weeks before starting the Form 24 process. Renewal costs ₹1,000 to ₹2,000 per partner for a Class 3 DSC with 2-year validity.
How to Close an LLP: Step-by-Step Process
The LLP strike off process involves 12 steps, takes 30 to 90 working days, and starts at ₹7,999 in professional fees (with no pending filings). Government fees are charged separately. All filings happen through the MCA V3 portal.
Step 1: Cease All Business Operations
Stop all business transactions and formally document the cessation date. The LLP must have ceased business for at least 1 year before applying for strike off under Rule 37 of LLP Rules, 2009. Record the cessation in writing with signatures of all partners.
Step 2: Clear All Outstanding Liabilities
Settle all vendor payments, loan repayments, and statutory dues including TDS, PF, and ESI. Obtain clearance certificates from all creditors and regulatory authorities. The Statement of Accounts must show nil liabilities at filing time.
Step 3: Cancel GST Registration
Apply for GST registration cancellation on the GST portal using Form GST REG-16. File all pending GST returns including GSTR-3B and GSTR-1 up to the cancellation date. Obtain the GST cancellation certificate. GST late filing attracts ₹50 per day per return period (capped at ₹2,000 to ₹5,000 per return under CGST Act Section 47).
Portal: www.gst.gov.in | Form: GST REG-16 | Timeline: 15 to 30 working days
Step 4: Close All Bank Accounts
Close all LLP bank accounts after settling outstanding transactions. Submit a partner consent letter on LLP letterhead, PAN card, and identity proof of the authorized signatory. Banks issue a closure certificate within 7 to 10 working days.
Step 5: File All Pending Annual Returns
File all pending Form 8 (Statement of Account & Solvency) and Form 11 (Annual Return) on the MCA portal. Late filing attracts additional fees of 2× to 12× the normal filing fee (₹50 to ₹200 based on total partner contribution) depending on delay period, plus statutory penalties up to ₹5,00,000 under Sections 34-35 of the LLP Act. For ongoing LLP annual compliance, file Form 8 within 30 days of each 6-month period end and Form 11 within 60 days of financial year end.
Portal: www.mca.gov.in | Forms: Form 8 + Form 11 | Additional Fee: 2× to 12× of normal fee (₹50 to ₹200)
Step 6: File Final Income Tax Return
File all pending ITRs up to the financial year preceding closure on the Income Tax portal. Also file all pending TDS returns for every quarter. Obtain ITR filing acknowledgements as proof documents for Form 24. For assistance, see our income tax return filing service.
Portal: www.incometax.gov.in | Form: ITR-5 | Deadline: Before Form 24 filing
Step 7: Prepare Certified Statement of Accounts
Engage a Tax Professional to certify the Statement of Accounts showing nil assets and nil liabilities. This is the most critical document for Form 24. The statement must be dated not earlier than 30 days before the Form 24 filing date. Expert certification costs ₹2,000 to ₹5,000.
Step 8: Obtain Partners Consent
Pass a resolution with written consent from all designated partners approving the LLP closure. Document the resolution formally with signatures and dates. If any partner refuses consent, the voluntary strike off route cannot proceed.
Step 9: Execute Affidavit and Indemnity Bond
All designated partners sign a notarized affidavit declaring nil liabilities and business cessation. Execute an indemnity bond on non-judicial stamp paper indemnifying against future claims. Both documents require notarization. Stamp paper cost varies by state.
Step 10: File Form 24 on MCA Portal
Log in to the MCA V3 portal and file Form 24 (Application for Striking Off Name of LLP) with DSC of all designated partners. Attach the certified Statement of Accounts, affidavit, indemnity bond, partner consent resolution, and all supporting certificates. Pay the ₹50 to ₹200 government fee (based on total partner contribution) online.
Portal: www.mca.gov.in | Form: Form 24 | Fee: ₹50 to ₹200 (based on contribution)
Step 11: RoC Scrutiny and Public Notice Period
The Registrar of Companies scrutinizes all Form 24 documents. If satisfied, the RoC issues a 30-day public notice in the Official Gazette inviting objections from creditors or any affected party. This notice period cannot be shortened.
Step 12: LLP Name Struck Off from Register
If no objections are received during the 30-day notice period, the RoC passes an order striking off the LLP's name from the register. The LLP stands dissolved from the date of this order. You receive a strike off confirmation from the MCA portal.
Common Mistake: Do not let the Statement of Accounts expire. It must be dated within 30 days of Form 24 filing. If it expires, you must obtain a new Expert certification, adding ₹2,000 to ₹5,000 in costs and 7 to 10 days in delay.
From Our Practice: In our experience assisting with 500+ LLP closures, the most common RoC rejection reason is incomplete Form 8 and Form 11 filings. The MCA V3 portal automatically cross-checks filing status. We recommend running a compliance health check at least 30 days before starting the Form 24 process.
Our team assists with Form 24 filing. Government fee ₹50 to ₹200 (separate). 30-day processing for compliant LLPs.
Compliances Required Before LLP Closure
Every compliance item below must be cleared before the RoC will accept your Form 24 application. Outstanding penalties must be paid in full. The MCA portal automatically verifies filing status and will reject Form 24 if any return is pending.
Compliance
Form / Authority
Deadline
Penalty for Non-Compliance
Status Before Form 24
Form 8 (Statement of Account & Solvency)
MCA Portal
Within 30 days of 6-month period end
Additional fee: 2× to 12× of normal fee + statutory penalty up to ₹5,00,000
All years filed
Form 11 (Annual Return)
MCA Portal
Within 60 days of FY end
Additional fee: 2× to 12× of normal fee + statutory penalty up to ₹5,00,000
All years filed
Income Tax Return
Income Tax Portal
31 July / 31 October
₹5,000 + interest
All years filed
TDS Returns
TRACES Portal
Quarterly deadlines
₹200/day (max = TDS amount)
All quarters filed
GST Cancellation
GST Portal (REG-16)
Before Form 24
₹50/day per return period, capped at ₹2,000 to ₹5,000 per return
Certificate obtained
PF/ESI Clearance
EPFO / ESIC
Before Form 24
12% interest + damages
All dues settled
Professional Tax
State PT Authority
Before Form 24
Varies by state
Deregistered
Creditor Liabilities
Direct settlement
Before Form 24
Blocks Form 24 filing
All cleared / NOC obtained
Penalty Warning: Under Sections 34 and 35 of the LLP Act, 2008, statutory penalties can reach ₹25,000 to ₹5,00,000 on the LLP and each designated partner through adjudication. Additionally, MCA charges additional filing fees of 2× to 12× the normal fee (₹50 to ₹200) for delayed Form 8 and Form 11 filings. Act immediately to minimize your total closure cost.
LLP Closure Cost in 2026
LLP closure costs vary based on pending compliances. Below is the full cost breakdown for strike off via Form 24. Our transparent professional fees start at ₹7,999. Government and statutory fees are charged separately at actuals.
Component
Amount (₹)
Notes
Government Fee (Form 24)
50 to 200
Based on total contribution of partners: ₹50 (up to ₹1L), ₹100 (₹1-5L), ₹150 (₹5-10L), ₹200 (above ₹10L)
Expert Certification (Statement of Accounts)
2,000 to 5,000
Depends on Expert firm
DSC Renewal (if expired)
1,000 to 2,000 per partner
Class 3 DSC, 2-year validity
Stamp Paper & Notarization
500 to 1,500
For affidavit and indemnity bond
IncorpX Professional Fee
7,999
Includes Form 24 filing, document preparation, post-filing tracking
Total (no pending filings)
₹7,999 to ₹15,000
For compliant LLPs with current filings. Government fees charged separately.
Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
Additional Fee for Delayed Filing (Post-2020 Multiplier System)
If your LLP has pending Form 8 and Form 11 filings, the MCA charges additional fees based on a multiplier of the normal filing fee (₹50 to ₹200 depending on total partner contribution). The multiplier increases with the delay period. Additionally, Sections 34 and 35 of the LLP Act provide for separate statutory penalties of ₹25,000 to ₹5,00,000 on adjudication.
Delay Period
Multiplier
Additional Fee (₹50 base)
Additional Fee (₹200 base)
Up to 15 days
1×
₹50
₹200
15 to 30 days
2×
₹100
₹400
30 to 60 days
4×
₹200
₹800
60 to 90 days
6×
₹300
₹1,200
90 to 180 days
10×
₹500
₹2,000
Beyond 180 days
12×
₹600
₹2,400
Cumulative Additional Fees by Years of Non-Compliance
For LLPs with multiple years of pending filings, the additional fee applies per form, per year (all at the beyond-180-day slab of 12×). Normal filing fee ranges from ₹50 (contribution up to ₹1 lakh) to ₹200 (contribution above ₹10 lakh).
Pending Duration
Forms to File
Additional Fee Range (₹)
Total with Normal Fee (₹)
1 Year
2 (Form 8 + Form 11)
1,200 to 4,800
1,300 to 5,200
2 Years
4
2,400 to 9,600
2,600 to 10,400
3 Years
6
3,600 to 14,400
3,900 to 15,600
5 Years
10
6,000 to 24,000
6,500 to 26,000
In addition to MCA additional filing fees above, Sections 34 and 35 of the LLP Act provide for adjudicated penalties of ₹25,000 to ₹5,00,000 on the LLP and each designated partner for non-compliance. These are imposed separately through adjudication proceedings by the Registrar.
Act Fast: While MCA additional fees are capped at 12× the normal filing fee per form, delayed LLPs also face statutory penalties up to ₹5,00,000 under Sections 34-35 and risk partner disqualification. Starting the closure process today minimizes both financial and legal exposure.
Real-World Case Study: LLP Closure with 2 Years of Pending Filings
A Bangalore-based technology consulting LLP (2 designated partners, total contribution ₹1 lakh, incorporated in 2019) approached IncorpX in January 2025 after 2 years of inactivity. The LLP had stopped operations in March 2023 but never filed Form 8 or Form 11 for FY 2022-23 and FY 2023-24. GST registration was still active with unfiled GSTR-3B returns.
Cost Component
Amount (₹)
Form 8 additional fees (2 filings × ₹50 normal + 12× additional)
1,300
Form 11 additional fees (2 filings × ₹50 normal + 12× additional)
1,300
GST late filing penalties
12,500
Expert certification for Statement of Accounts
3,000
Stamp paper and notarization
800
IncorpX professional fee
12,999
Government fee (Form 24)
50
Total Closure Cost
₹31,949
Outcome: Form 24 was filed on the MCA V3 portal in February 2025. The RoC issued the 30-day public notice, and the LLP was struck off in April 2025, within 67 working days of engagement. Had the partners acted immediately in March 2023, the total professional fee would have been just ₹7,999 plus ₹50 government fee. Note: LLPs with higher total contribution (above ₹10 lakh) face proportionally higher additional fees (up to ₹2,600 per form), and separate statutory penalties under Sections 34-35 may be levied on adjudication.
Lesson Learned: This case demonstrates why immediate action is critical. Beyond MCA additional filing fees, delayed LLPs risk statutory penalties of ₹25,000 to ₹5,00,000 under Sections 34 and 35 of the LLP Act, partner disqualification, and GST non-compliance consequences. If you have already decided to close your LLP, start the process today.
Free penalty assessment. Transparent pricing. No hidden charges.
Consequences of Not Closing a Defunct LLP
Ignoring a defunct LLP does not make it disappear from the MCA register. Penalties accumulate daily, and the consequences grow more severe each year. Here is what happens when you leave an inactive LLP open.
Consequence
Legal Section
Penalty / Impact
Form 8 Late Filing
LLP Act, Section 34
Additional fee: 2× to 12× of normal fee (₹50-₹200) + statutory penalty ₹25,000 to ₹5,00,000
Form 11 Late Filing
LLP Act, Section 35
Additional fee: 2× to 12× of normal fee (₹50-₹200) + statutory penalty ₹25,000 to ₹5,00,000
Non-Filing Penalty on LLP & Partners
LLP Act, Sections 34 & 35
Up to ₹5,00,000 on LLP + each partner (adjudicated separately)
Partner Disqualification
MCA Enforcement
Barred from becoming director/partner in other entities
GST Non-Compliance
CGST Act, Section 47
₹50/day per return period, capped at ₹2,000 to ₹5,000 per return
Income Tax Notices
Income Tax Act
Notices, interest on unfiled returns
RoC Suo Motu Strike Off
LLP Act
Partners still liable for all pending penalties
Credit Score Impact
CIBIL / Credit Bureaus
Difficulty obtaining loans or credit facilities
Personal Liability of Designated Partners
LLP Act, Section 27
Personal assets at risk for non-compliance
Warning: Even if the RoC strikes off your LLP on its own initiative (suo motu), you remain personally liable for all accumulated penalties, unfiled returns, and outstanding statutory dues. Voluntary closure through Form 24 is always the safer, more controlled approach.
Regulatory Update (2024): The MCA has intensified suo motu strike off actions against dormant LLPs under Rule 37(1) of LLP Rules, 2009. In FY 2023-24, over 18,000 LLPs were struck off by the RoC for non-filing of returns for 2+ consecutive years. Partners of these LLPs remain personally liable for additional filing fees (2× to 12× of normal fee) plus statutory penalties up to ₹5,00,000 under Sections 34-35. Proactive closure via Form 24 avoids this risk entirely.
LLP Strike Off vs Voluntary vs Compulsory Winding Up
Choosing the right closure method depends on your LLP's financial position and partnership status. This detailed comparison covers all decision factors. If you need to close a private limited company or close an OPC, the process differs significantly.
Parameter
Strike Off (Form 24)
Voluntary Winding Up
Compulsory Winding Up
Legal Provision
Rule 37, LLP Rules 2009
Section 65, LLP Act 2008
Section 63, LLP Act 2008
Who Initiates
Designated Partners
Partners (3/4th by value)
NCLT (partner/creditor petition)
LLP Financial Status
Nil assets, nil liabilities
Solvent (can pay debts)
Insolvent (cannot pay debts)
Partner Consent
All designated partners
3/4th partners by value
Not required (court order)
Liquidator Required
No
Yes (appointed by partners)
Yes (appointed by NCLT)
Government Fee
₹50 to ₹200
Varies by filing
Court fees + legal costs
Total Cost
₹7,999 to ₹20,000
₹50,000 to ₹2,00,000
₹1,00,000 to ₹5,00,000+
Timeline
30 to 90 days
3 to 6 months
6 to 24 months
Complexity
Low
Medium
High
Best For
Inactive/defunct LLPs
Solvent LLPs winding down
Insolvent/disputed LLPs
IncorpX Data (2024-2025): Of 500+ LLP closures we assisted with, 92% used the strike off (Form 24) route, 6% opted for voluntary winding up, and 2% involved compulsory winding up through NCLT. Average closure time for strike off was 47 working days for LLPs with current filings and 78 working days for those with 1 to 2 years of pending compliances.
How Long Does It Take to Close an LLP?
The total LLP closure timeline depends on the method chosen and the LLP's compliance status. Strike off via Form 24 is the fastest route at 30 to 90 days for a compliant LLP.
Phase
Duration
Notes
Pending Compliance Clearance
7 to 30 days
Filing Form 8, Form 11, ITR, TDS returns
GST Cancellation
15 to 30 days
File REG-16 + pending returns on GST portal
Document Preparation
5 to 10 days
Expert certification, affidavit, indemnity bond
Form 24 Filing
1 day
Online filing on MCA V3 portal
RoC Scrutiny
15 to 30 days
Document verification by Registrar
Public Notice Period
30 days
Mandatory Official Gazette notice
Strike Off Order
7 to 15 days
RoC passes final order
Total (Strike Off)
30 to 90 days
For LLPs with no pending compliance
Save Time: Start GST cancellation and ITR filing simultaneously rather than sequentially. This overlap can save 15 to 20 days from the total processing timeline.
Top 5 Mistakes to Avoid When Closing an LLP
Based on our experience assisting with 500+ LLP closures across India, these are the 5 most common mistakes that delay the closure process, increase costs, or result in RoC rejection of Form 24.
Mistake #1: Filing Form 24 Before Clearing Pending Returns. The MCA V3 portal cross-checks Form 8 and Form 11 filing history. If any annual return is pending, Form 24 is automatically rejected. We see this error in 35% of DIY filing attempts. Always verify all Form 8 and Form 11 filings are current on the MCA portal before starting Form 24.
Mistake #2: Letting the Certified Statement of Accounts Expire. The Statement of Accounts must be dated within 30 days of Form 24 filing. If document preparation takes longer than expected, the Expert certificate expires and must be reissued. This adds ₹2,000 to ₹5,000 in Expert fees and 7 to 10 working days in delay.
Mistake #3: Forgetting to Cancel GST Registration. GST cancellation via Form REG-16 on the GST portal must happen before Form 24 filing. GST late filing attracts ₹50 per day per return period (capped at ₹2,000 to ₹5,000 per return under CGST Act Section 47). File all pending GSTR-3B and GSTR-1 returns before applying for cancellation.
Mistake #4: Using Expired DSCs for Form 24 Signing. Each designated partner needs a valid Class 3 digital signature certificate. Expired DSCs prevent Form 24 submission. Renewal takes 3 to 5 working days and costs ₹1,000 to ₹2,000 per partner. Check DSC validity before starting the closure process.
Mistake #5: Ignoring TDS Return Filing. Partners often clear ITR filings but forget pending TDS returns. Every quarter of unfiled TDS attracts ₹200 per day penalty (maximum capped at TDS amount). File TDS returns on the TRACES portal for all pending quarters before submitting Form 24.
Expert Advice, Expert Rahul Sharma, IncorpX Compliance Professional: "The number one reason for Form 24 rejection is incomplete compliance clearance. Before starting the closure process, run a full compliance health check on your LLP. This single step eliminates 80% of rejection risks and saves weeks of back-and-forth with the RoC."
Alternatives to LLP Closure
Closing an LLP is not the only option. If you want to preserve the entity or restructure, consider these alternatives before filing Form 24.
1. Convert LLP to Pvt Ltd: If the business has growth potential or you plan to raise equity funding, convert LLP to Pvt Ltd under Section 366 of the Companies Act, 2013. Conversion retains your LLPIN history and business continuity. All partners become shareholders.
2. Transfer LLP to New Partners: If the business is viable but current partners want to exit, transfer partnership rights to new partners. This keeps the LLP operational without closure. You can remove partner from LLP and add new ones through LLP agreement amendment.
3. Keep LLP Dormant: If you plan to revive the business in the future, maintain the LLP by filing nil Form 8, Form 11, and ITR annually. This costs ₹5,000 to ₹10,000 per year but preserves the entity for future use.
Consider Conversion: Converting an LLP to Pvt Ltd preserves your LLPIN history and business continuity. If your LLP has clients, contracts, or brand value worth preserving, conversion is more cost-effective than closure followed by fresh registration.
Why Choose IncorpX for LLP Closure
IncorpX provides end-to-end assistance for LLP closure with dedicated professionals. We have assisted with 500+ LLP closures across 22 Indian states since 2019, with a 98% first-attempt approval rate on Form 24 filings. Our team supports every filing, document, and follow-up until the RoC issues the strike off order.
Transparent Pricing
LLP closure assistance from ₹7,999. No hidden charges. Government fee of ₹50 to ₹200 (based on total partner contribution) disclosed upfront and charged separately. Free penalty assessment before you commit.
30-Day Processing
Complete Form 24 filing and LLP strike off in as few as 30 working days for LLPs with current annual filings and no pending compliances.
End-to-End Compliance
We assist with GST cancellation, final ITR filing, pending Form 8, Form 11, and all pre-closure compliances before filing Form 24.
Expert Team
Dedicated Tax Professional for Statement of Accounts certification and Compliance Professional for Form 24 filing and RoC coordination.
Free Consultation
Evaluate your LLP closure options with our expert at no cost before committing. We assess eligibility, estimate penalties, and recommend the best closure route.
Document Preparation
Affidavit, indemnity bond, consent resolution, and all supporting documents drafted, reviewed, and prepared for you by our legal team.
MCA Portal Tracking
Real-time tracking of Form 24 status on the MCA V3 portal with proactive updates at each stage from filing to strike off order.
Penalty Assessment
Free penalty calculation to estimate your total closure cost before starting. We identify every pending filing and compute exact ₹ amounts owed.
100% Satisfaction Guarantee: If your Form 24 application is rejected due to an error on our part, we refile at no additional charge. Our 98% first-attempt approval rate means this rarely happens, but we stand behind every filing. Full refund if we cannot proceed with the closure due to eligibility issues identified after engagement.
Client Review: "IncorpX closed our dormant LLP in Pune in just 42 days. We had 2 years of pending Form 8 and Form 11 filings, and the team calculated our penalties upfront with zero surprises. The Expert certification and Form 24 filing were handled end-to-end. Highly recommended for anyone looking to close their LLP without the compliance headache." - Amit K., Former Designated Partner, Technology LLP, Pune (closed March 2025)
Remove a partner from your LLP through LLP agreement amendment and Form 4 filing.
Frequently Asked Questions About LLP Closure
Below are 40 questions sourced from real search queries, MCA guidelines, and our experience closing 500+ LLPs across India. Each answer includes specific data points, Act sections, and ₹ amounts.
LLP closure is the legal process of dissolving a Limited Liability Partnership registered under the LLP Act, 2008. It involves settling all debts, filing final returns, cancelling GST registration, and submitting Form 24 to the Registrar of Companies. The LLP ceases to exist after the RoC issues the strike off order.
Form 24 is the Application for Striking Off Name of LLP filed under Rule 37 of LLP Rules, 2009. It is submitted on the MCA portal with a government fee of ₹50 to ₹200 (based on total contribution of partners). The form requires DSC of all designated partners, a certified Statement of Accounts, affidavit, and indemnity bond as attachments.
Voluntary winding up under Section 65 of the LLP Act, 2008 is initiated by partners themselves. It requires consent of 3/4th of partners by value, appointment of a liquidator, settlement of all debts, and distribution of remaining assets. The process takes 3 to 6 months and applies when the LLP is solvent.
Compulsory winding up under Section 63 of the LLP Act, 2008 is ordered by the National Company Law Tribunal (NCLT). Grounds under Section 64 include inability to pay debts, non-filing of returns for 5 consecutive years, or when the Tribunal deems it just and equitable. It takes 6 to 24 months.
LLP strike off is a simplified closure method under Rule 37 of LLP Rules, 2009. The RoC can strike off an LLP that has ceased business for 1+ year with nil assets and liabilities. Partners file Form 24 on the MCA portal with ₹50 to ₹200 government fee (based on total partner contribution). Processing takes 30 to 90 days after filing.
The Statement of Accounts is a certified document showing the LLP has nil assets and nil liabilities as of a date not earlier than 30 days before Form 24 filing. A Tax Professional must verify and certify this statement. Expert certification costs ₹2,000 to ₹5,000 depending on the firm.
The indemnity bond is a legal document where all designated partners indemnify against any future claims that arise after the LLP is struck off. It is executed on non-judicial stamp paper and notarized. The bond value typically matches the LLP's last known turnover or a minimum of ₹1 lakh.
The National Company Law Tribunal (NCLT) orders compulsory winding up of LLPs under Section 63 of the LLP Act, 2008. Any partner, creditor, or the Central Government can file a petition. The NCLT appoints an official liquidator, supervises debt settlement, and passes the dissolution order after completing the winding up process.
Yes, a struck off LLP can apply for revival within 5 years of the strike off date. The LLP or any aggrieved person must file an application with the NCLT under the LLP Act. The Tribunal may restore the LLP's name if it is satisfied the strike off was unjustified. All pending filings and penalties must be cleared.
After Form 24 is filed, the Registrar of Companies scrutinizes all documents. If satisfied, the RoC issues a 30-day public notice in the Official Gazette inviting objections. If no objections are received, the RoC passes a strike off order and the LLP's name is removed from the register permanently.
Late filing of Form 8 (Statement of Account & Solvency) attracts additional fees of 2× to 12× the normal filing fee (₹50 to ₹200 based on total partner contribution) depending on delay period under the post-2020 MCA fee structure. Additionally, Section 34(4) of the LLP Act provides for statutory penalties of ₹25,000 to ₹5,00,000 on the LLP and each designated partner through adjudication. All pending Form 8 filings must be cleared before filing Form 24.
Late filing of Form 11 (Annual Return) attracts additional fees of 2× to 12× the normal filing fee (₹50 to ₹200 based on total partner contribution) depending on delay period under the post-2020 MCA fee structure. Additionally, Section 35(3) of the LLP Act provides for statutory penalties of ₹25,000 to ₹5,00,000 on the LLP and each designated partner. Clearing all Form 11 filings is mandatory before applying for LLP closure.
Yes, designated partners of a defunct LLP face disqualification from becoming directors or partners in other entities. The MCA can initiate proceedings under Sections 34 and 35 of the LLP Act, 2008 with statutory penalties of ₹25,000 to ₹5,00,000 on the LLP and each partner for continued non-compliance of annual filings.
Close an LLP by filing Form 24 on the MCA portal under Rule 37 of LLP Rules, 2009. First, cease business for 1 year, cancel GST, close bank accounts, file pending Form 8 and Form 11, file final ITR, get certified Statement of Accounts, then submit Form 24 with ₹50 to ₹200 government fee (based on total partner contribution).
An LLP that never commenced business can apply for strike off under Rule 37 by filing Form 24. Since it has nil assets, nil liabilities, and no transactions, the process is straightforward. File all pending Form 8 and Form 11 (nil returns), get a certified nil Statement of Accounts, and submit Form 24 with ₹50 to ₹200 fee (based on total partner contribution).
Key documents for LLP closure include: certified Statement of Accounts (dated within 30 days of filing), affidavit and indemnity bond by designated partners, consent resolution, Form 8 and Form 11 filing receipts, GST cancellation certificate, ITR acknowledgements, bank closure certificate, DSC, PAN card, and the original LLP Agreement.
Yes, GST cancellation is mandatory before filing Form 24 for LLP closure. Apply on the GST portal using Form GST REG-16. File all pending returns including GSTR-3B and GSTR-1 up to the cancellation date. Obtain the GST cancellation certificate. GST late filing attracts a penalty of ₹50 per day per return period (capped at ₹2,000 to ₹5,000 per return under CGST Act Section 47).
Yes, filing all pending Income Tax Returns is mandatory before LLP closure. File ITRs for all financial years up to the year of cessation on the Income Tax portal (www.incometax.gov.in). Also file all pending TDS returns for every quarter. Obtain acknowledgement receipts as proof for Form 24 attachments.
NOC (No Objection Certificate) is required from regulatory authorities if the LLP operated in regulated sectors like banking, insurance, or NBFC. Apply directly to the concerned regulator (RBI, IRDAI, SEBI). For standard LLPs, NOC from GST department and Income Tax department in the form of cancellation and clearance certificates is sufficient.
Log in to the MCA V3 portal (www.mca.gov.in) with your registered user account. Navigate to LLP e-Forms and select Form 24. Fill in LLP details, attach certified Statement of Accounts, affidavit, indemnity bond, and consent resolution. Sign with DSC of all designated partners. Pay ₹50 to ₹200 government fee (based on total partner contribution) and submit.
Visit the LLP's bank branch with a board resolution or partner consent authorizing account closure. Submit the LLP's PAN card, closure request letter on LLP letterhead signed by all partners, and identity proof of authorized signatory. The bank will settle outstanding transactions and issue a bank account closure certificate within 7 to 10 working days.
The 2026 LLP closure checklist includes: (1) Cease business for 1+ year, (2) clear all liabilities, (3) cancel GST via Form REG-16, (4) close bank accounts, (5) file pending Form 8 and Form 11, (6) file final ITR and TDS returns, (7) get certified Statement of Accounts, (8) file Form 24 with ₹50 to ₹200 fee (based on total partner contribution).
LLP closure cost ranges from ₹7,000 to ₹20,000 for strike off with no pending filings. The government fee for Form 24 is ₹50 to ₹200 (based on total partner contribution). Expert certification costs ₹2,000 to ₹5,000. Professional fees range from ₹5,000 to ₹15,000. If pending filings exist, additional fees of 2× to 12× the normal fee apply per form, plus statutory penalties up to ₹5,00,000 may be levied under Sections 34-35 of the LLP Act.
The government fee for filing Form 24 (Application for Striking Off Name of LLP) is ₹50 to ₹200 on the MCA portal, based on total contribution of partners: ₹50 (up to ₹1 lakh), ₹100 (₹1-5 lakh), ₹150 (₹5-10 lakh), ₹200 (above ₹10 lakh). This is a one-time fee. Additional government fees apply if there are pending annual filings: Form 8 and Form 11 attract additional fees of 2× to 12× the normal filing fee depending on delay period.
Professional fees for LLP closure typically range from ₹5,000 to ₹15,000 depending on the complexity and pending compliances. This includes Expert certification of Statement of Accounts (₹2,000 to ₹5,000), DSC renewal if needed (₹1,000 to ₹2,000 per partner), and service provider fees for Form 24 preparation and filing on MCA portal.
Non-filing of LLP annual returns attracts additional filing fees and statutory penalties. Form 8 and Form 11 late filing attracts additional fees of 2× to 12× the normal fee (₹50 to ₹200 based on total contribution). Under Sections 34 and 35 of the LLP Act, the LLP and partners face statutory penalties of ₹25,000 to ₹5,00,000 on adjudication. Partners risk disqualification from future directorships.
Closing an LLP is significantly cheaper long-term. Keeping an inactive LLP active costs at minimum ₹5,000 to ₹10,000 per year in annual compliance (Form 8, Form 11, ITR filing). LLP closure is a one-time cost of ₹7,000 to ₹20,000. Delayed filing attracts additional fees of 2× to 12× the normal fee plus statutory penalties up to ₹5,00,000 on adjudication.
For 3 years of pending filings, additional filing fees under the post-2020 multiplier system range from ₹3,900 to ₹15,600 (6 forms × normal fee + 12× additional, depending on total partner contribution). Add professional fees of ₹10,000 to ₹15,000 and government fee of ₹50 to ₹200. Additionally, statutory penalties of ₹25,000 to ₹5,00,000 may be imposed under Sections 34-35 of the LLP Act through adjudication.
The IncorpX LLP closure assistance package starting at ₹7,999 (professional fee) includes: filing of Form 24 on MCA portal, certified Statement of Accounts, preparation of affidavit and indemnity bond, partner consent resolution drafting, DSC assistance, GST cancellation guidance, and post-filing tracking until the RoC issues the strike off order. Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees (₹50 to ₹200 for Form 24, based on total partner contribution) are charged separately at actuals.
Yes, an LLP with nil assets and nil liabilities qualifies for the simplest closure method: strike off via Form 24. This is the most common and cost-effective closure route. The LLP must have ceased business for 1+ year. Get a certified Statement of Accounts confirming nil balances, then file Form 24 with ₹50 to ₹200 fee (based on total partner contribution).
Strike off (Form 24, Rule 37) is a simplified process for LLPs that ceased business for 1+ year with nil assets; it takes 30 to 90 days and costs ₹50 to ₹200 government fee. Winding up (Sections 63-65) is a formal process involving debt settlement and asset distribution through NCLT or partners, taking 3 to 24 months.
Voluntary winding up (Section 65) is initiated by partners with 3/4th consent by value; the LLP must be solvent, and partners appoint a liquidator. Compulsory winding up (Section 63) is ordered by NCLT on grounds like inability to pay debts or 5 years of non-filing. Voluntary takes 3 to 6 months; compulsory takes 6 to 24 months.
Yes, LLP closure is generally simpler and cheaper. LLP strike off requires Form 24 with ₹50 to ₹200 fee on MCA portal. Pvt Ltd company strike off requires Form STK-2 with ₹5,000 fee and board/shareholder resolutions. LLP closure takes 30 to 90 days; company closure takes 3 to 6 months. Both require clearing pending annual filings.
If the LLP has no future business plans, strike off via Form 24 is the best option with professional assistance from ₹7,999. If you want to continue business with limited liability and raise equity funding, convert LLP to Pvt Ltd instead. Conversion retains the business identity and compliance history. Evaluate based on business goals, not just closure cost.
To close an LLP registered in Bangalore, file Form 24 with the RoC Karnataka at Bangalore through the MCA portal. The process is identical to the central process: cease business, cancel GST on the Karnataka GST portal, file final ITR, obtain certified Statement of Accounts, and submit Form 24 with ₹50 to ₹200 fee (based on total partner contribution).
To close an LLP registered in Mumbai, file Form 24 with the RoC Maharashtra at Mumbai via the MCA portal. Cancel GST registration on the Maharashtra GST portal, close bank accounts with Mumbai branches, file all pending Form 8 and Form 11, and file final ITR. Processing takes 30 to 90 days after submission.
To close an LLP registered in Delhi, file Form 24 with the RoC NCT of Delhi & Haryana through the MCA portal. Cancel GST registration on the Delhi GST portal, complete all pending annual filings (Form 8, Form 11), file final ITR, and submit Form 24 with supporting documents and ₹50 to ₹200 government fee (based on total partner contribution).
If any person files an objection during the 30-day public notice period, the Registrar of Companies will hold the strike off in abeyance. The RoC will communicate the objection to the LLP, and the designated partners must resolve it. Unresolved objections can lead to NCLT proceedings. Common objectors include unpaid creditors, former employees, and tax authorities with pending demands.
Yes, a foreign-resident designated partner can sign Form 24 using a valid Class 3 DSC. The DSC can be obtained from Indian certifying authorities remotely. The foreign partner must also sign the notarized affidavit and indemnity bond, which can be executed at an Indian Embassy or Consulate abroad and apostilled. Processing timelines remain 30 to 90 days.
On LLP closure, any capital gains on asset distribution to partners are taxable under the Income Tax Act, 1961. If the LLP has accumulated profits, partners must declare their share in individual ITR. Section 47(xii) provides exemptions for certain transfers during dissolution. File final ITR-5 for the LLP and ensure TDS obligations are cleared before Form 24 filing.
The team was very responsive and helpful. I received daily updates from the WhatsApp group, and their guidance made everything much simpler to comprehend. If you want a simple and hassle-free way to launch your business, I would highly recommend them!
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4.9/5
I recently used IncorpX to register my limited liability partnership, and I had an amazing experience! There were no hidden fees, and the team was helpful, quick to respond, and open. They provided thorough explanations of each step, and their services are reasonably priced without sacrificing quality. The entire process was made simple by IncorpX's professionalism, attention to detail, and sincere support. Strongly advised!
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4.8/5
The experience was flawless; the team completed each task with care and always responded quickly. Throughout the process, I never felt stuck. We would especially like to thank Saksham and Sriram for making everything run so smoothly! The IncorpX team offers extremely competitive pricing; anyone just starting out should definitely get in touch with them.
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