India's one of the highest-rated legal tax and compliance guidance platform.
4.9 out of 5 (8521+ ratings)
Verified
Siddhu ManojFounder & CEO of Two-LYP Computations Pvt. Ltd.
“Incorporating my Startup with IncorpX was an incredibly smooth and hassle-free experience. The team was highly professional, guiding us every step of the way with clear communication and prompt support. The registration process was fast, and every detail was handled with precision and accuracy. Highly recommend IncorpX for anyone starting a business.”
Abhishek LohaniDirector at Lohani Learnings
“Company is good and service is also smooth. I used their compliance service and the response was timely with no delay and price are also convenient. They are always available to cater your need.”
Chandan Kr. ChaudharyFounder of Creative Minds
“I am very satisfied with the team of IncorpX for providing the top notch services. Team of IncorpX was giving the update on daily basis was one of the best thing which I experience in Corporate. keep doing it. Thank you!”
Jayavijaya SJFounder of Agro Farms
“Don't think twice.Got my company incorporates here. Tbh very impressed by the quality of service provided by this team. Very organized and friendly team. Had a smooth and peaceful experience. Timely regular updates were provided by the team. Overall a great experience.”
Anoop KrishnanFounder of EIGHTH DAY FORGE
“It's rare to find a service provider who makes the process feel personal - IncorpX absolutely did. From day one, they patiently explained every detail without any jargon, making it easy to understand and stress-free. There was zero chasing, no delays-just efficient, smooth execution all the way through. I felt supported, heard, and confident at every step of registering my company EIGHTH DAY FORGE (OPC) Private Limited. Thanks to Mr. Sriram and his wonderful team.”
Ramesh LankeFounder of EKnal Technologies
“IncorpX made the entire registration process for our company, EKnal Technologies, smooth and stress-free. Their team was professional, efficient, and incredibly supportive from start to finish. Highly recommend them to any founder looking for a reliable partner in their business journey! Special shoutout to Sriram and Aswin-your support, clarity, and responsiveness made the whole process incredibly smooth.”
700+
Businesses Incorporated Every Month
1000+
Ratings Trusted by 2000+ Clients
250+
Professional Network
Why Choose Us
Why Choose Us?
Expert Legal Team
Experienced legal experts in company formation and corporate law.
Fast Turnaround
Kickstart your venture with efficient company setup, generally processed within a week.
Dedicated Support
Personal manager by your side, every step of the way and beyond.
Complete Documentation
We handle all paperwork and ensure full legal compliance.
Business Growth Tools
Free business resources to fuel your company's success from day one.
24/7 Customer Service
Round-the-clock assistance for all your concerns.
Ready to Close Your LLP?
Get expert assistance for LLP closure with complete MCA compliance - starting from ₹4,999.
Simple Process
Here's How It Works
01
Fill the Form
Simply fill the above form to get started.
02
Call to discuss
Our startup expert will connect with you & complete legalities.
03
Close Your LLP
Get professional assistance with Limited Liability Partnership winding up and strike-off.
Pricing
Simple & Transparent Pricing
MOST POPULAR
LLP Closure Package
From ₹4999 one-time professional fee
Complete within 7 days
7-day turnaround 100% guaranteed
Form 24 Application Filing
Partners Consent Documentation
Indemnity Bond from Partners
Partner Affidavit Preparation
Statement of Assets & Liabilities
Statement of Accounts
Pending Annual Return Filing
GST Cancellation Assistance
Expert CA/CS Support
Post-Closure Documentation
*Government fees are additional and vary based on company structure
4.9/5 based on 1000+ reviews
Money back guarantee
Secure payment
Top rated service
AI-Powered Platform
Meet IncorpX Nova
Our proprietary AI engine streamlines every step of business setup, from intelligent name suggestions to automated document drafting and compliance tracking.
AI-Powered Business Name Approval Check
Auto-Generated MoA & AoA Drafts
Real-Time Compliance Monitoring
3x Faster Processing Than Traditional CAs
24/7 AI Chatbot + Human Expert Support
NOVA AI
Premium Plan
IncorpX Prime
An all-inclusive solution for startups and expanding enterprises seeking a streamlined, compliant incorporation process.
Key Benefits
Personalised support from dedicated incorporation specialists.
Application prepared and filed within 2 days.
24/7 customer assistance.
Important Notes
We strive to register your preferred business name whenever feasible.
Alternative name suggestions are provided if the preferred name is not approved.
Package includes first-year compliance services: auditor appointment, annual filings, and related obligations.
Closing a Limited Liability Partnership (LLP) in India is a legal process that removes the LLP from the records maintained by the Ministry of Corporate Affairs (MCA). Governed by the Limited Liability Partnership Act, 2008 and LLP Rules, 2009, the closure process involves filing Form 24 with the Registrar of Companies to strike off the LLP's name from the register.
LLPs, like companies, are required to maintain annual compliance including filing Form 8 (Statement of Accounts and Solvency) and Form 11 (Annual Return). Failing to file these returns leads to penalty accumulation and can affect the Designated Partners' ability to become partners in other LLPs or directors in companies.
The LLP winding up process can be either Voluntary (initiated by partners when the LLP has no debts or when creditors agree) or Compulsory (through NCLT when the LLP is unable to pay its debts). For most inactive LLPs with no pending liabilities, voluntary closure through Form 24 is the preferred and most cost-effective route.
At IncorpX, we specialize in LLP closure services and handle the entire process - from clearing pending compliances to obtaining the final strike-off confirmation. Our team of expert CAs and CSs ensures that your LLP is closed legally, protecting your DPIN and future business interests.
What is LLP Strike-Off / Winding Up?
LLP Strike-Off is the process of voluntary dissolution of a Limited Liability Partnership under the provisions of the LLP Act, 2008. When an LLP is no longer carrying on business or is not in operation, partners can apply to the Registrar of Companies to strike off its name from the register by filing Form 24.
The strike-off application can be made under two circumstances: when the LLP has not commenced business within one year of incorporation, or when the LLP has not carried on any business for the preceding two years. The Registrar, upon receiving the application and after necessary verification, strikes off the LLP's name.
Key Characteristics of LLP Strike-Off:
Voluntary Dissolution: Initiated by designated partners with consent of all partners, not forced by external authorities.
No Outstanding Liabilities: The LLP must have no pending debts or liabilities, or consent from all creditors must be obtained.
Compliance Status: All annual returns (Form 8 and Form 11) must be filed up to date before applying for strike-off.
Form 24 Filing: The prescribed form for LLP strike-off application with all supporting documents.
Did You Know?
Unlike Private Limited Companies, LLPs have relatively lower compliance requirements. However, non-filing of Form 8 and Form 11 attracts a penalty of ₹100 per day which can accumulate to significant amounts over time.
Reasons to Close an LLP
Partners decide to close their Limited Liability Partnership for various legitimate reasons. Understanding your situation helps in planning the closure properly:
Project Completion
The LLP was formed for a specific project or venture that has been completed, and there's no intention to continue further operations.
Business Not Viable
The business model is not generating sufficient returns, or market conditions have changed making continued operations uneconomical.
Dormant LLP
The LLP has been inactive for an extended period with no business transactions, and maintaining compliance is becoming a burden.
Partner Disputes
Disagreements among partners have made it impossible to continue business operations or take collective decisions.
Business Restructuring
The business is being converted to a Private Limited Company for better funding opportunities or being merged with another entity.
Focus on New Ventures
Partners want to devote their time and resources to new business opportunities and wish to exit from non-operational LLPs.
Methods to Close an LLP in India
The LLP Act, 2008 provides different routes for closing an LLP based on its financial status and partner consent:
Feature
Voluntary Strike-Off (Form 24)
Voluntary Winding Up
Compulsory Winding Up (NCLT)
Applicable Law
Rule 37(1) of LLP Rules, 2009
Part III of LLP Act, 2008
Part III of LLP Act, 2008
Initiated By
Designated Partners
Partners (with creditor consent)
Creditors or Partners
Suitable For
Inactive LLPs with no liabilities
LLPs with assets and liabilities
LLPs unable to pay debts
Authority
Registrar of Companies
LLP Liquidator (appointed)
NCLT
Time Required
3-6 months
6-12 months
1-3 years
Cost
Moderate (₹5,000-₹15,000)
Higher (liquidator fees)
High (legal and tribunal costs)
Complexity
Simple administrative process
Moderate complexity
Complex legal proceedings
Conditions
No operations for 2 years, no pending liabilities
Creditors agree to wind up
Unable to pay debts
Recommended Approach
For most inactive LLPs, Voluntary Strike-Off through Form 24 is the simplest and most cost-effective option. IncorpX specializes in this process and handles all formalities on your behalf.
Requirements for LLP Closure
Before applying for LLP strike-off, ensure the following prerequisites are met:
LLP has not commenced business within 1 year of incorporation, OR
LLP has not carried on business for the preceding 2 years
All annual returns (Form 8 and Form 11) filed up to date
All income tax returns filed and no pending tax dues
No pending liabilities (or creditor consent obtained)
No pending legal proceedings or litigation
LLP bank accounts closed or have nil balance
GST registration cancelled (if applicable)
Documents Required for Form 24 Filing:
Document
Description
Purpose
Partners Consent
Written consent from all partners for closure
Confirms unanimous agreement for LLP dissolution
Indemnity Bond
Executed by designated partners on stamp paper
Partners indemnify against any future claims
Affidavit
Sworn affidavit by designated partners
Verification of facts stated in the application
Statement of Assets & Liabilities
Certified statement as on the date of application
Confirms LLP has no assets or liabilities
Statement of Accounts
Account statement from incorporation to closure date
Shows financial activity and final position
NOC from Creditors
No objection from all creditors (if any)
Creditor consent for LLP dissolution
Latest ITR Acknowledgment
Income tax return filed for the latest year
Proof of tax compliance
Step-by-Step LLP Closure Process
Here's how IncorpX helps you close your LLP through the voluntary strike-off route:
Step 1: Initial Assessment
Our experts review your LLP's status, compliance history, pending liabilities, and determine eligibility for strike-off. We identify any prerequisites that need to be addressed.
Step 2: Clear Pending Compliances
We file all pending Form 8 (Statement of Accounts), Form 11 (Annual Return), income tax returns, and GST returns to bring the LLP to a compliant status.
Step 3: Settle Liabilities & Close Accounts
All outstanding debts are settled, LLP assets are disposed of or distributed to partners, and bank accounts are closed. Creditor NOCs are obtained if necessary.
Step 4: Obtain Partner Consent
Written consent is obtained from all partners agreeing to the voluntary closure of the LLP. This is a mandatory requirement for Form 24 filing.
Step 5: Prepare Closure Documents
We prepare indemnity bond, affidavit, statement of assets and liabilities, statement of accounts, and compile all supporting documents.
Step 6: File Form 24 with RoC
Form 24 (Application for Striking Off LLP) is filed electronically with the Registrar of Companies along with all attachments and prescribed fees.
Step 7: RoC Verification & Strike-Off
The Registrar verifies the application and, if satisfied, strikes off the LLP's name from the register. A notice of dissolution is published in the Official Gazette.
Close your LLP legally with expert guidance from IncorpX!
Legal Framework & Statutory Provisions
The closure of a Limited Liability Partnership (LLP) is governed by the LLP Act, 2008 and the LLP Rules, 2009. Understanding the applicable legal provisions ensures a smooth and compliant closure process.
Section 75 - Strike Off of LLP by Registrar
Under Section 75 of the LLP Act, 2008, the Registrar may strike off the name of an LLP if it is not carrying on any business or operations. The Registrar must send a notice to the LLP and publish it in the Official Gazette. If no response is received within one month, a second notice is sent, and the LLP may be struck off after three months from the date of the second notice.
Rule 37(1) - Application by LLP for Strike Off (Form 24)
Rule 37(1) of the LLP Rules, 2009 allows an LLP to voluntarily apply for strike-off by filing Form 24 with the Registrar. The LLP must satisfy that it has not commenced business within one year of incorporation OR has not carried on any business for the preceding two years. All partners must give their consent, and the application must include prescribed documents.
Rule 37(2) - Conditions for Strike Off Application
The LLP must meet all conditions under Rule 37(2): (a) it must have filed all pending annual returns (Form 8 and Form 11), (b) it must have no pending liabilities or must have obtained NOC from all creditors, (c) it must not be a party to any ongoing legal proceedings, and (d) it must have closed all bank accounts or maintained nil balance.
Section 64 - Voluntary Winding Up of LLP
Under Section 64 of the LLP Act, an LLP may be wound up voluntarily if the LLP agreement so provides or if the partners pass a resolution. The winding-up petition is filed before the National Company Law Tribunal (NCLT). This route is used when the LLP has significant assets/liabilities that cannot be settled for a simple strike-off.
Section 65 - Compulsory Winding Up by NCLT
The NCLT may order compulsory winding up of an LLP under Section 65 if: (a) the LLP decides by resolution, (b) the number of partners falls below two for more than six months, (c) the LLP is unable to pay its debts, (d) the LLP has acted against the sovereignty/integrity of India, or (e) the Tribunal finds it just and equitable to wind up the LLP.
MCA Circular - Condonation of Delay Scheme (CODS)
The Ministry of Corporate Affairs periodically announces condonation schemes allowing LLPs to file overdue returns at reduced penalties before applying for strike-off. Partners should check for any active CODS scheme on the MCA portal before initiating closure, as this can significantly reduce penalty amounts on pending Form 8 and Form 11 filings.
Timeline & Cost Breakdown
The overall timeline for closing an LLP via the strike-off route (Form 24) is approximately 3-5 months. Below is the stage-wise breakdown:
Stage
Timeline
Approx. Cost (₹)
Initial assessment & compliance review
2-3 days
Included in professional fees
Filing pending Form 8 (Statement of Account & Solvency)
7-10 days
₹50-₹200 per form + late fees (₹100/day)
Filing pending Form 11 (Annual Return)
5-7 days
₹50-₹200 per form + late fees (₹100/day)
Obtaining written consent of all partners
5-7 days
Nil (internal process)
GST cancellation application
7-15 days
Nil (government fee)
Preparation of Form 24 documents (indemnity bond, affidavit, accounts)
5-7 days
₹500-₹1,500 (stamp paper & notarization)
Filing Form 24 with RoC (MCA portal)
1-3 days
₹3,000-₹5,000 (government filing fee)
Newspaper publication (one English + one vernacular)
7-10 days
₹3,000-₹5,000
RoC verification & processing
30-60 days
Nil
Public notice & objection period
30 days
Nil
Final strike-off order by RoC
7-15 days after notice period
Nil
Total (Strike-Off Route)
3-5 months
₹10,000-₹25,000 (including professional fees)
Cost-Saving Tip
Filing all pending annual returns (Form 8 and Form 11) during an active MCA condonation scheme can save ₹5,000-₹50,000+ in late filing penalties. Check the MCA portal for ongoing schemes before starting the closure process.
Documents Required for LLP Closure
Ensure the following documents are ready before filing Form 24. Incomplete documentation is the most common reason for application rejection.
Written Consent of All Partners - signed consent from every partner approving the strike-off application
Form 24 (Application for Strike Off) - duly filled and signed by designated partners with DSC
Indemnity Bond - executed by all designated partners on non-judicial stamp paper (₹100)
Affidavit - sworn by designated partners before a Notary Public or First Class Magistrate
Statement of Assets & Liabilities - certified by a practising Chartered Accountant
Statement of Accounts - accounts from incorporation to closure date, certified by CA
NOC from Creditors - no objection certificate from all creditors (if any liabilities exist)
Filed Form 8 Acknowledgments - Statement of Account & Solvency for all years
Filed Form 11 Acknowledgments - Annual Return for all years
Income Tax Returns - ITR acknowledgments for all years up to closure
GST Cancellation Acknowledgment - proof of GST registration cancellation
Bank Account Closure Certificate - confirmation that LLP bank accounts are closed
DSC of Designated Partners - valid Digital Signature Certificates for MCA portal filing
LLPIN & PAN of LLP - LLP Identification Number and PAN card copy
Post-Closure Obligations & Compliance
After the RoC issues the strike-off order, the LLP ceases to exist as a legal entity. However, partners must fulfil the following post-closure obligations:
Retain Books of Accounts - all financial records, partner agreements, and minutes must be preserved for at least 8 years from the date of dissolution
Surrender LLP PAN & TAN - file an application with the Income Tax Department to surrender the LLP's PAN and TAN to prevent future compliance notices
Close All Bank Accounts - formally close every bank account held in the LLP's name and obtain closure certificates from each bank
File Final Income Tax Return - ensure the final ITR for the LLP is filed covering the period up to the date of dissolution
Cancel GST Registration - if not already done, file REG-16 and submit final return GSTR-10 within 3 months of cancellation
Settle All Known Liabilities - any unsettled debts can lead to creditors applying for restoration of the LLP; partners remain personally liable under LLP Act provisions
Notify All Stakeholders - inform banks, vendors, customers, landlords, and service providers about the LLP's dissolution in writing
Cancel Professional Registrations - surrender any professional licenses, trade licenses, or MSME/Udyam registration held by the LLP
Transfer or Cancel Domain/IP - transfer or cancel any trademarks, domain names, or intellectual property registered to the LLP
Partner Liabilities Continue - under the LLP Act, partners may still face liability for any fraud or misconduct discovered after dissolution; liability survives strike-off
Consequences of Not Closing Your LLP
Leaving an LLP inactive without proper closure has serious implications:
Consequence
Description
Impact
Penalty Accumulation
Late filing fees of ₹100 per day for Form 8 and Form 11
Can accumulate to ₹36,500/year per form (₹73,000 total)
DPIN Issues
Designated Partner Identification Numbers may get affected
Difficulty in becoming partner/director in other entities
Legal Prosecution
Prosecution under LLP Act for non-compliance
Fines and potential legal action against partners
Tax Notices
Income Tax department continues sending notices
Interest, penalties on unfiled returns
RoC Suo Motu Strike-Off
RoC may strike off LLP on its own initiative
Partners still liable for past defaults and penalties
Credit Score Impact
Partners' personal credit scores may be affected
Difficulty in obtaining loans or credit facilities
Important Warning
Unlike companies, LLP partners may not face formal disqualification, but accumulated penalties and legal notices create significant problems. Proactive closure is always the better approach.
Why Choose IncorpX for LLP Closure?
Complete Compliance: We clear all pending Form 8 and Form 11 before closure.
Transparent Pricing: No hidden charges, all costs explained upfront.
Fast Processing: Efficient handling to complete closure quickly.
Expert Team: Dedicated CA/CS professionals handle all formalities.
End-to-End Service: From compliance clearance to final strike-off.
DPIN Protection: We ensure your Designated Partner ID remains unaffected.
FAQs on LLP Closure in India
Closing a Limited Liability Partnership involves specific legal requirements. Here are answers to common questions about LLP closure:
You can close LLP online in India by filing Form 24 (Application for Strike Off) with the Registrar of Companies under Section 59 of the LLP Act, 2008 read with Rule 37 of LLP Rules, 2009. The LLP closure procedure involves five key stages: (1) file all pending returns including Form 8 and Form 11, (2) obtain written consent from all partners, (3) prepare and file Form 24 with supporting documents, (4) ROC verifies the application and publishes notice, and (5) LLP name is struck off the register. At IncorpX, we handle the entire process from compliance clearance to final strike-off confirmation - starting at just ₹4,999.
The complete LLP closure procedure through Form 24 typically takes 45-90 days from the date of filing, depending on ROC processing times. The timeline breaks down as: clearing pending compliances (7-15 days), document preparation and partner consents (5-7 days), Form 24 filing (1-2 days), and ROC verification and strike-off (30-60 days). If the LLP has significant pending filings or accumulated penalties, an additional 15-30 days may be required for compliance clearance before the strike-off application.
Form 24 is the prescribed application form for striking off the name of an LLP from the register maintained by the Registrar of Companies. It is filed under Rule 37(1) of the LLP Rules, 2009 and must be accompanied by: (a) a statement of account disclosing nil assets and liabilities or assets not exceeding the threshold, (b) an indemnity bond from all designated partners, (c) a sworn affidavit, and (d) consent of all partners. The form is filed electronically on the MCA portal with digital signatures of designated partners.
Under Section 59 of the LLP Act, 2008, an LLP qualifies for strike-off if: (1) it has not commenced business within one year of incorporation, or (2) it has not carried on any business or operation for the preceding two years. Additionally, all annual filings (Form 8 and Form 11) must be up to date, there should be no pending liabilities or ongoing legal proceedings, and all partners must provide written consent. If your LLP does not meet these criteria, you may need to explore voluntary winding up under Sections 63-65 of the LLP Act through NCLT.
Yes, filing all pending Form 8 (Statement of Accounts & Solvency) and Form 11 (Annual Return) is mandatory before applying for LLP strike-off. The ROC will reject Form 24 if annual returns are not filed up to the date of application. Additionally, all income tax returns must be filed, and GST returns must be current before cancelling GST registration. At IncorpX, our LLP closure package includes clearance of all pending compliances as part of the service.
For Form 24 strike-off, the LLP should ideally have no outstanding liabilities. However, if liabilities exist, you must either settle them in full or obtain a No Objection Certificate (NOC) from all creditors. If the LLP has significant unsettled debts and creditors do not consent, you will need to pursue voluntary winding up with an appointed liquidator or apply for compulsory winding up through NCLT under Sections 63-65 of the LLP Act, 2008. IncorpX can advise you on the most appropriate closure route based on your LLP's financial position.
At IncorpX, LLP closure starts from ₹4,999 (professional fees) plus applicable government fees. The total cost depends on: (a) number of pending annual returns to be filed - each Form 8 and Form 11 carries a late fee of ₹100 per day of delay, (b) stamp duty for indemnity bond (varies by state), and (c) Form 24 filing fee with MCA. For an LLP dormant for 3 years with no filings, the total cost including penalties may range from ₹15,000 to ₹30,000. We provide a detailed cost estimate after assessing your LLP's compliance status.
The penalty for late filing of Form 8 and Form 11 is ₹100 per day per form with no maximum cap. This means for each form, the annual penalty accumulates to ₹36,500 - totalling ₹73,000 per year for both forms combined. For an LLP dormant for 5 years without filings, penalties alone can exceed ₹3,65,000. This is why proactive business closure is always more cost-effective than leaving an inactive LLP on the register.
Yes, a struck-off LLP can be restored by filing an application with NCLT (National Company Law Tribunal) under Section 60 of the LLP Act, 2008. The application must be filed within a reasonable period (typically within 3 years) by the LLP, its partners, or any aggrieved person. You must demonstrate valid grounds for restoration, pay all pending dues and penalties, and file all overdue returns. The Tribunal may impose additional conditions before ordering restoration. Revival is significantly more expensive and time-consuming than proper closure.
If the LLP is properly closed through Form 24, partners' DPINs (Designated Partner Identification Numbers) remain active and unaffected. Partners can freely participate as partners in other LLPs or become directors in companies. However, partners remain personally liable for any undisclosed obligations or fraud discovered after closure for a period as determined by law. Proper closure protects partners from ongoing penalty accumulation and compliance notices. If you're planning a new venture, consider LLP registration for your next business.
Yes, written consent from all partners (not just designated partners) is a mandatory requirement for filing Form 24 under Rule 37 of LLP Rules, 2009. The consent must be in the prescribed format, signed by each partner, and attached to the Form 24 application. If any partner refuses to give consent or is untraceable, the voluntary strike-off route cannot be pursued. In such cases, you may need to approach NCLT for compulsory winding up under Section 64 of the LLP Act or seek legal remedies to resolve the partner dispute first.
Strike-off (Section 59) is a simpler administrative process where the ROC removes the LLP's name from the register - suitable for dormant LLPs with nil or minimal assets and no liabilities. Winding up (Sections 63-65) is a more complex procedure involving appointment of a liquidator, realization of assets, settlement of debts, and distribution of surplus - required when the LLP has significant assets, liabilities, or ongoing obligations. Strike-off through Form 24 takes 2-3 months; winding up can take 6 months to 3 years depending on complexity.
If your LLP never commenced business within one year of incorporation, it qualifies for strike-off under Section 59(1)(a) of the LLP Act, 2008. The process is simpler as there are typically no liabilities, creditors, or complex accounts to settle. You still need to file all pending Form 8 and Form 11 returns up to date, prepare the statement of accounts showing nil activity, obtain all partner consents, and file Form 24. IncorpX handles dormant LLP closures efficiently - most are completed within 45 days.
Yes, if your LLP holds GST registration, you must apply for GST cancellation by filing Form GST REG-16 before or simultaneously with the LLP closure process. All pending GST returns (GSTR-1, GSTR-3B) must be filed, and a final return in GSTR-10 must be submitted within 3 months of cancellation. The GST cancellation order serves as proof of tax compliance when filing Form 24. IncorpX's LLP closure package includes complete GST cancellation assistance.
Before closing your LLP, you must ensure: (1) all income tax returns are filed up to the date of closure using ITR-5, (2) any pending tax demands or assessments are resolved, (3) TDS returns are filed if applicable, (4) GST registration is cancelled with final return filed, and (5) any advance tax liabilities are settled. While there is no formal "tax clearance certificate" required for Form 24, the ROC may verify tax compliance status, and pending tax issues can delay or complicate the closure process.
The complete list of documents required for Form 24 filing includes: (1) Written consent from all partners for closure, (2) Indemnity bond executed by designated partners on stamp paper, (3) Sworn affidavit by designated partners, (4) Statement of assets and liabilities as on the date of application, (5) Statement of accounts from incorporation to closure date, (6) NOC from creditors (if any liabilities exist), (7) Latest ITR acknowledgment, (8) GST cancellation order (if registered), and (9) Digital Signature Certificates (DSC) of designated partners for e-filing.
Yes, the Registrar has suo motu powers under Section 59(4) of the LLP Act, 2008 to strike off an LLP if it has reasonable cause to believe that the LLP is not carrying on business. Before striking off, the ROC sends a notice to the LLP and publishes it in the Official Gazette, giving 30 days to respond. Even after suo motu strike-off, partners remain liable for all pending penalties, unfiled returns, and outstanding dues. This makes voluntary closure through Form 24 a much safer and planned approach.
The Designated Partner plays a central role in LLP closure: (a) they sign and file Form 24 using their Digital Signature Certificate, (b) they execute the indemnity bond taking responsibility for any post-closure claims, (c) they swear the affidavit verifying all facts stated in the application, and (d) they ensure all annual compliances are filed. Every LLP must have at least two designated partners with valid DPINs at the time of filing Form 24. If a designated partner has resigned, a replacement must be appointed first.
Yes, if your LLP has growth potential or you need to raise equity funding, converting your LLP to a Private Limited Company may be a better option than closure. The conversion is governed by Section 366 of the Companies Act, 2013 and Rule 3 of the Companies (Authorized to Register) Rules, 2014. All LLP partners become shareholders, and no stamp duty or capital gains tax applies if conditions are met. Learn more about this option on our LLP to Pvt Ltd conversion page. IncorpX offers both closure and conversion services.
After the LLP is struck off by the ROC, you should apply for surrender of the LLP's PAN with the Income Tax Department by writing to the jurisdictional Assessing Officer with a copy of the strike-off order. The TAN should also be surrendered if TDS was being deducted. Until PAN is formally surrendered, the Income Tax Department may continue to expect return filings. IncorpX's post-closure documentation service includes assistance with PAN and TAN surrender.
There is no statutory time limit within which you must close a dormant LLP. However, every year of delay adds ₹73,000 in penalties (₹100/day x 365 days x 2 forms) plus income tax non-filing penalties. The ROC may also initiate suo motu strike-off under Section 59(4) if the LLP has been inactive for two consecutive years. Proactive closure is always recommended - the longer you wait, the higher the accumulated costs. Contact IncorpX for a free assessment of your LLP's pending liabilities and closure costs.
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!
S
Simon Job
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!
J
Jay R
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.
M
Mohammed Affan
4.9/5
I'm really grateful to the wonderful team at IncorpX for helping bring my co-founder's and my dream to life. The whole process was super smooth - fast service, great support, and no hassles at all. I'd highly recommend IncorpX to any new entrepreneur or founder looking to register their company. Excited to continue working with them in the long run. Thank you, IncorpX!
R
Riyom Taipodia
4.6/5
One of the best agency I have ever experienced. Team members are very friendly as if we know each other from before and came communicate and share easily. My work has been done in a very short period and I am so happy. Thank you so much.
A
Ayyappa Swamy
5/5
Highly recommend... IncorpX services regarding incorporation of our company and roc filing and all are very impressive.. the team IncorpX is polite and friendly. Our Lands Time pvt ltd has incorporated through IncorpX... And thanks to IncorpX team..
R
Ramesh Babu
4.9/5
Trouble free service, Rendering good co-operation for company incorporation. Trust worthy team to have better knowledge.
P
Pravesh Kudesia
5/5
IncorpX is providing best service... And user experience! Thank You IncorpX Team
B
Balaji Gutte
4.9/5
I recently got my Private Limited Company incorporated through IncorpX, and the experience was seamless! The team was professional, supportive, and quick to respond throughout the process. Highly recommend IncorpX for a smooth and stress-free company registration experience.
D
Dia
5/5
I'd been planning to register my Private Limited Company for months but didn't know where to start - until I found IncorpX. The team guided me step by step, explained everything clearly, and completed the registration smoothly within the promised timeline. Their pricing was transparent with no hidden charges. Highly recommend IncorpX to anyone starting a business!
Trusted by 15,000+ Entrepreneurs
Get Expert Guidance for Your Business
Fill out the form and our team will connect with you to understand your requirements and recommend the best way forward.