Closing a Limited Liability Partnership

  • Closing an LLP

    To close down a limited liability partnership (LLP), the resolution to do so must be filed with the Registrar within 30 days of its passing. Once this has been done, the majority of the partners need to make a declaration to the effect that the LLP has no debts or that it is in a position to pay all debts within a specified period not exceeding one year from the date of commencement of winding up of LLP. Within 15 days of the passing of the resolutions, statement of assets and liabilities for the period from the last accounts closure to the date of winding up of LLP must be submitted, attested by at least two partners. A report of valuation of the assets of the LLP must be prepared.

  • Procedure for Winding Up


    30 Working Days

    The statement of accounts must be submitted no more than a month before submission of the application. This is a declaration to the RoC that only what is submitted is to be considered and that the company has no other assets or liabilities.

    25 Working Days

    Within a month of the submission of the statement of accounts, the application must be submitted along with the documents mentioned above. Our representatives will guide you through the entire procedure.

    3 Months

    It takes at least two to three months to complete the closure of your company, but it could take much longer, depending on the findings of the liquidator appointed.

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