Closure of Business

Closure of LLP

Strike off a dormant LLP and end filing obligations.

About Closure of LLP

An LLP that has ceased operations should be formally closed, otherwise it continues to attract mandatory annual filing obligations and ₹100-per-day penalties. A non-operational LLP can be struck off the register by filing Form 24 with the MCA. To be eligible, the LLP must not have carried on business for at least one year, must have no assets or liabilities, must have closed its bank account, and must have filed all overdue Form 8 and Form 11 returns up to the relevant date. The application needs consent of all partners, an affidavit, an indemnity bond and a statement of accounts. Once approved, the LLP's name is removed from the register.

Who needs this

Partners of dormant or non-operational LLPs wanting to stop compliance costs.

Documents required

The process — step by step

  1. Ensure no business for at least one year and nil assets/liabilities
  2. Close the bank account and clear overdue filings
  3. Obtain consent of all partners with affidavit & indemnity
  4. File Form 24 with the MCA
  5. Name struck off after the notice period

Timeline & fees

Timelines and government fees are indicative and subject to processing by the relevant authority. Approval and its timing are decided by the authority and cannot be guaranteed.

Frequently asked questions

Which form is used to close an LLP?

Form 24 is filed with the MCA to strike off a non-operational LLP.

Do I need to clear pending annual filings first?

Yes. All overdue Form 8 and Form 11 returns must be filed before applying.

Is a bank closure certificate required?

Yes. The LLP's bank account must be closed and proof submitted.

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