Partnership Dissolution
Closure of LLP (Fast Track Strike Off - Form 24)
Close a defunct or inactive Limited Liability Partnership compliantly under Rule 37(1)(b) of the LLP Rules, 2009. File Form 24 with the Registrar of Companies, eliminate compounding ₹100/day annual penalties, and relieve designated partners from ongoing liability.
- Fast Track Strike Off under Rule 37
- Form 24 Online E-Filing
- Indemnity Bond & Nil Accounts Preparation
Defunct Partnership Exit
How to legally strike off an inoperative Limited Liability Partnership
Leaving a defunct LLP open without filing annual returns is catastrophic. Because the LLP Act levies a non-negotiable penalty of ₹100 per day per form (Form 11 and Form 8) without any maximum limit, an inactive LLP can accumulate hundreds of thousands of rupees in statutory late fees over a few years.
Under Rule 37(1)(b) of the Limited Liability Partnership Rules, 2009, an LLP that has never commenced business or has ceased commercial operations for at least one year can apply to the Registrar to have its name struck off the register using Form 24.
VIDURA's LLP closure desk manages the entire strike-off lifecycle—from bank account closure and statement of accounts compilation to indemnity bond drafting and Form 24 filing.
Eligibility
When can you strike off an LLP?
Uncommenced LLPs
LLPs incorporated that never commenced commercial operations since incorporation.
Inactive for 1+ Years
LLPs that have completely ceased commercial operations for at least one full year.
Partners Separating
Partners parting ways wishing to legally dissolve the entity rather than continuing annual compliance costs.
Stopping Compounding Penalties
Halting future ₹100/day penalties by formally applying for strike-off under Rule 37.
Scope
Complete LLP closure services
Eligibility & Compliance Review
Checking LLP agreement registration (Form 3) and verifying that the 1-year inactivity condition is satisfied.
Bank Account Closure Assistance
Guiding official closure of LLP bank current accounts and securing the bank closure letter.
Statement of Accounts (CA Certified)
Preparation of audited Statement of Accounts showing nil assets and nil liabilities dated within 30 days of filing.
Indemnity Bond Drafting
Drafting notarized indemnity bonds executed by all designated partners indemnifying the ROC against third-party liabilities.
Partner Affidavits
Drafting sworn affidavits from all partners confirming closure terms and absence of pending litigation.
Form 24 E-Filing & Tracking
Submitting Form 24 on the MCA portal with digital signatures and tracking through to gazette strike-off.
Workflow
Closing your LLP in 3 steps
Simple, organized, and guided at every step by our compliance desk.
-
1
Step 1 — Close Bank Accounts & Clear Dues
Pay off all outstanding liabilities, surrender tax registrations (GST/PT), and close all bank accounts.
-
2
Step 2 — Legal Documentation & Consent
Our team prepares the CA-certified accounts, partner affidavits, indemnity bonds, and partner consent letters.
-
3
Step 3 — Form 24 E-Filing & Dissolution
We file Form 24 with the ROC. The Registrar publishes a public notice for 30 days and removes the LLP name.
Checklist
Documents required for LLP closure (Form 24)
- Statement of Accounts certified by a Chartered Accountant showing NIL assets and NIL liabilities (within 30 days of filing)
- Bank Account Closure Certificate from the LLP's banker
- Notarized Indemnity Bond executed by all designated partners on stamp paper
- Sworn Affidavits executed by all designated partners confirming inactivity
- Written consent of all partners agreeing to the closure of the LLP
- Copy of the initial LLP Agreement and any subsequent amendments
- Class-3 Digital Signature Certificates (DSC) of designated partners
Preconditions
Mandatory conditions for filing Form 24
Inactivity Period
The LLP must have ceased commercial operations for at least 1 year prior to filing.
Nil Assets & Liabilities
No outstanding debts, loans, or creditors. Any remaining funds must be distributed to partners.
LLP Agreement Registered
The initial LLP Agreement and Form 3 must have been approved by the ROC.
Why VIDURA
Clean, penalty-free partnership closure
Halt Penalty Accumulation
Filing Form 24 stops future ₹100/day penalties from compounding on unfiled annual returns.
Complete Partner Insulation
Properly drafted indemnity bonds protect partners from personal liability post-dissolution.
Direct MCA V3 Tracking
Continuous monitoring through the 30-day public notice window until final dissolution.
FAQ
Frequently Asked Questions About Closing an LLP
How long does it take for an LLP to be struck off?
After filing Form 24, the Registrar publishes a notice on the MCA website for one month inviting objections. If no objections are received from creditors or tax authorities, the ROC strikes off the LLP name, typically within 2 to 4 months.
What is the government fee for filing Form 24?
The statutory government filing fee for Form 24 under the LLP Rules is ₹1,000.
Can I close an LLP if Form 3 (LLP Agreement) was never filed?
No. Under MCA rules, the initial LLP Agreement must be filed in Form 3 before applying for closure. If pending, Form 3 must be filed first to regularize the record.
Stop Compounding Fines
Close your inactive LLP legally and stop recurring penalties.
Connect with VIDURA's partnership legal desk. We handle Form 24 preparation and complete striking off.