🛑 Strike Off of LLP in India

Legally Close Your Inactive or Non-Operational LLP A Strike Off of an LLP (Limited Liability Partnership) refers to the removal of the LLP’s name from the register of the Ministry of Corporate Affairs (MCA). Once struck off, the LLP ceases to exist as a legal entity and cannot carry out business operations. This is a voluntary legal closure for LLPs that are inactive, non-operational, or no longer required by the partners.

---

⚖️ Legal Basis

The process is governed by:

• Section 75 of the Limited Liability Partnership Act, 2008
• Rule 37(1) of the LLP Rules, 2009

The LLP can apply for strike off by filing Form LLP–24 with the Registrar of Companies (ROC).

---

✅ When Can an LLP Apply for Strike Off?

An LLP is eligible for strike off if:

• It has ceased to carry on business for at least one year or since incorporation.
• It has no outstanding liabilities (including loans, taxes, creditors, etc.).
• It has filed all necessary returns up to the date of application or has applied for condonation.
• All designated partners agree to the closure.

---

🔁 Situations Where LLP Strike Off is Common

• The LLP was incorporated but never commenced operations.
• Business activity has stopped permanently.
• LLP is dormant or inactive.
• Partners wish to legally close the LLP and avoid ongoing compliance requirements.

---

📋 Documents Required for LLP Strike Off

1. Statement of Accounts
   • Not older than 30 days from the filing date
   • Certified by a Chartered Accountant
2. Affidavits & Declarations
   • From all partners stating no dues/liabilities
   • Declaration of cessation of business
3. Indemnity Bonds
   • By designated partners, indemnifying liabilities after closure
4. Copy of PAN and Aadhaar of partners
5. Board Resolution / Consent of Partners
6. Acknowledgment of Latest ITR Filed (if applicable)
7. Form LLP-24 duly signed and certified

---

🧭 Step-by-Step Process for Strike Off of LLP

1. Hold Meeting of Partners

Pass a resolution to close the LLP and authorize one partner to file for strike off.

2. Settle All Liabilities

Ensure the LLP has no outstanding debts, taxes, or dues.

3. Prepare Final Accounts

Statement of Accounts showing nil assets and liabilities (must be CA-certified).

4. Execute Affidavits & Indemnity Bonds

From all designated partners, in prescribed formats.

5. File Form LLP–24 with ROC

Attach all supporting documents and submit the application.

6. ROC Review & Approval

Registrar will examine the application. If satisfied, the LLP name will be struck off and a notice published in the Official Gazette.

---

⏱️ Timeline

The entire process typically takes 2 to 4 months, depending on:

• Accuracy of documents
• ROC processing time
• Pending compliance or notices (if any)

---

⚠️ Important Notes

• LLP must not have any legal proceedings, liabilities, or ongoing disputes.
• All pending annual returns (Form 11 and Form 8) should be filed, or condonation obtained.
• Once struck off, the LLP cannot be revived except through NCLT order.

---

✅ Advantages of Strike Off

Benefit	Description
No Future Compliance	Avoid annual filing and audit requirements
Legal Closure	Official removal from MCA records
Cost Savings	Eliminate recurring government and professional costs
Partner Relief	Partners are relieved from responsibilities of an inactive LLP

---

🛠️ How KLS Advisors Can Help

At KLS Advisors, we offer end-to-end services for the strike off of LLPs:

• Drafting affidavits, declarations, resolutions, and forms
• Preparation of final financials and certifications
• Filing of Form LLP–24 with MCA
• End-to-end support until final approval from ROC
• Ensuring legal compliance and peace of mind

📧 Email: info@klsadvisors.in 🌐 Website: www.klsadvisors.in

---

📌 Conclusion

Striking off an LLP is the best legal route to close a non-operational business and avoid unnecessary compliance or penalties. If your LLP is inactive or no longer in use, closing it properly ensures a clean legal exit and protects the partners from future liabilities. Let KLS Advisors help you strike off your LLP quickly, affordably, and 100% legally.