Overview
If a Limited Liability Partnership (LLP) was incorporated but never commenced business, or has not been carrying on any business operations for the past one year, the partners can apply for it to be struck off the register. This is done by filing Form 24 under the LLP Rules. This fast-track exit is significantly easier and cheaper than formal winding up, and it frees the partners from the burden of filing the mandatory annual Form 8 and Form 11, saving them from the notorious Rs. 100/day penalties.
What is Included in Our Package
Detailed compliance and filing scope managed by JRC corporate experts.
Documents Required to Start
Upload digital files during onboarding. No physical submissions needed.
Financial & Banking Proofs
- Statement of Accounts (showing zero assets/liabilities) certified by a CA (Not older than 30 days)
- Bank Account Closure Certificate (Mandatory)
Legal Declarations
- Affidavits from all designated partners declaring the LLP has no debts
- Indemnity Bonds signed by all partners indemnifying future claims
Step-by-Step Closure Timeline
Our step-by-step advisory workflow.
Step 1: File Pending Returns
Before applying for Form 24, we must ensure that up to the date the LLP ceased operations, all Form 8 and Form 11 returns are filed and late fees are paid.
Step 2: Draft Affidavits
We draft the necessary indemnity bonds and affidavits, which the partners must notarize.
Step 3: File Form 24
We file Form 24 on the MCA portal with the Statement of Accounts and declarations.
Step 4: Gazette Notice
The ROC issues a public notice. If no objections are received within 30 days, the LLP is officially struck off and dissolved.
Key Advantages of Form 24 Strike Off
Striking off an inactive LLP prevents endless financial drain.
Stop Annual Penalties
An inactive LLP must still file Form 8 and 11. Striking it off formally ends this requirement.
Clean Legal Break
Formally closing the LLP ensures the government records reflect the closure, protecting partners from future inquiries regarding the business.
Cost Effective
Form 24 is a simplified process designed specifically for inactive LLPs with zero assets and liabilities, saving on heavy liquidation fees.
Frequently Asked Questions
Helpful answers to common regulatory inquiries.
Can we strike off the LLP if we have pending creditors?▼
No. Form 24 is only for LLPs that have zero liabilities. If you have outstanding debts, you must settle them or undergo a formal insolvency process.
Do we need to file initial Form 3 to close the LLP?▼
Yes. Even if the LLP never did business, the Initial LLP Agreement (Form 3) must be filed before you can apply for strike-off via Form 24.
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