Apply for Complete LLP Winding Up & Get Approval from the Govt. of India and Registrar of Companies (ROC)

The LLP winding up process can be done by either the LLP’s 3/4th of the total number of partners or the Registrar of Companies (ROC) in case the particular LLP is convicted of being associated with any illegal or fraudulent instance.

In India, the Registrar of Companies (ROC) and the Ministry of Corporate Affairs (MCA) overviews the LLP winding up procedure as per the provisions of the LLP Act, 2008, the Limited Liability Partnership (Amendments) Rules, 2017, and the Limited Liability Partnership (LLP) Settlement Scheme, 2020.

Form-24 is utilized to apply for the LLP winding up process in the Registrar of Companies (ROC).

In the LLP winding up process, the following documents are required:

• DSC of the LLP Directors / Partners
• NOC (If the LLP is associated with any regulatory body)
• PAN Card of the LLP & the Partners of that entity
• Aadhaar Card of the LLP Partners
• Copy of LLP Agreement
• Acknowledgement of the Partners regarding closure of the LLP
• Address Proof of all the Partners
• Indemnity Bond signed by the Partner(s)
• Report of Valuation of the Assets
• Copy of last income-tax return filed
• Declaration that the LLP is not liable of payment due to the creditors/employees
• CA Certificate stating Closed Bank Account, Zero Assets, Zero Liabilities of the LLP

In prior to the closing up procedure, the concerned Limited Liability Partnership authority is needed to complete the followings:

• Ceasing all business operations
• Close bank accounts opened in the name of the LLP)
• Paying all the creditors
• Chucking out all the properties/ assets to pay the liabilities
• Must not own any liability