LLP Winding Up in India
LLP Winding Up is the legal process of closing a Limited Liability Partnership and removing its name from the records of the Ministry of Corporate Affairs. This procedure is governed by the Limited Liability Partnership Act, 2008 and applies when partners decide to discontinue business operations, dissolve the partnership, or are required to close due to regulatory or financial reasons.
A properly executed LLP winding up process ensures that liabilities are settled, assets are distributed, and the LLP is legally dissolved so that partners are protected from future compliance risks.
Types of LLP Winding Up in India
Voluntary LLP Closure
Voluntary closure occurs when all partners mutually agree to discontinue business operations and dissolve the LLP in a structured and compliant manner.
Tribunal or Compulsory Winding Up
This type of winding up is initiated by regulatory authorities or creditors when the LLP fails to comply with legal requirements or becomes insolvent.
Common Reasons for LLP Winding Up
LLPs may choose to wind up for several operational or financial reasons.
The LLP has stopped carrying out business activities
Partners mutually decide to dissolve the partnership
The business is no longer financially viable
The LLP fails to meet statutory compliance obligations
The LLP was formed for a specific project that has been completed
Our Professional LLP Winding Up Services
Partner Approvals and Legal Resolutions
We assist with drafting partner resolutions and ensuring that all approvals required for voluntary or tribunal based winding up are completed in accordance with legal requirements.
MCA Filing and Form 24 Submission
We prepare and file Form 24 along with supporting documents, update statutory registers, and manage communication with the Registrar of Companies throughout the closure process.
Compliance Advisory and Legal Support
We provide guidance on timelines, settlement of liabilities, distribution of assets, and respond to any queries or notices issued by regulatory authorities.
Benefits of Choosing Us
Chartered Accountant and Company Secretary led team
Accurate and timely handling of statutory filings
Transparent and well documented process
End to end coordination with government authorities
Audit ready closure records
Our Commitment
i Tax GST Filing ensures that your LLP Winding Up is completed legally, smoothly, and in full compliance with the LLP Act, 2008. From approvals and documentation to MCA filings and final closure, every step is handled with precision to provide a secure and compliant exit.
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