Strike off LLP

What is Strike Off LLP?

Strike off means officially closing your Limited Liability Partnership (LLP) with the government. Once done, the LLP will no longer exist legally and you don’t have to file any further returns or pay taxes. This is helpful for LLPs that are inactive or never started business.

Who Can Apply for LLP Strike Off?

You can apply if:

• Your LLP hasn’t done any business since it started
• Or has been inactive for at least one year
• You have no dues, liabilities, or legal cases
• You’ve filed any pending returns like Form 8 or 11
• All partners agree and give consent
• You’ve closed bank accounts and surrendered PAN/GST

What You Need to File?

• LLP PAN card
• Partner Resolution
• Affidavits & Indemnity Bonds
• Recent accounts certified by CA
• Proof of GST surrender (if applicable)
• Closure letter from your bank
• Latest ITR (if filed)

Benefits of LLP Strike Off

• No more compliance or filing burden
• Avoid late penalties and notices
• Close company legally and cleanly
• Peace of mind for all partners

There are two main ways to close a Limited Liability Partnership (LLP):

1. Voluntary Strike Off

This option is used when the LLP is inactive — either from the beginning or for at least one year. If the partners agree to close the LLP, they can apply voluntarily by filing Form LLP-24 with the Registrar of Companies (ROC).

2. Compulsory Strike Off by ROC

If an LLP fails to file its returns or comply with rules for a long time, the ROC can remove it from the register on its own. This is called a compulsory strike off, done when the LLP is seen as inactive.

Who Can Apply for Voluntary LLP Closure?

To close an LLP voluntarily, the following conditions must be met:

• No Business Activity: The LLP must not have done any business for at least one year, or since its incorporation.
• All Partners Must Agree: Every partner, including designated partners, must approve the decision and sign a resolution.
• Clear All Pending Forms: Forms like Form 8 (Statement of Account) and Form 11 (Annual Return) must be filed before closure.
• Zero Assets or Liabilities: A final Statement of Account must show no dues or assets. This statement must be signed by a Chartered Accountant and not be older than 30 days from the filing date.
• No Legal Cases: The LLP must not be involved in any ongoing legal matter or dispute.
• No Outstanding Dues: All dues to vendors, banks, or government must be cleared. If there are creditors, their written consent is required.
• Cancel PAN, GST, and Other Licenses: Before closing, cancel all business registrations to avoid future issues or notices.

Why the ROC Can Strike Off an LLP (Compulsory)?

The ROC may remove an LLP from its records if:

• The LLP has not started business within a year of registration.
• Annual returns or financial statements are not filed for years.
• The LLP is found to have no operations during physical verification.
• It fails to follow MCA compliance rules.
• Notices sent by ROC are ignored.
• It doesn’t have a valid registered office.
• The LLP was incorporated using false or misleading information.

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