Winding Up of LLP – Expert Closure Assistance offered at GST Suvidha Centre
What is Winding Up of LLP?
Winding Up of LLP refers to the legal closure of a Limited Liability Partnership (LLP) that is no longer operative or is desirous of ceasing the business. Winding up ensures that all legal dues and compliances are addressed, and that the name of the LLP is struck off from the records of the Ministry of Corporate Affairs (MCA). The GST Suvidha Centre simplifies this process, and will wind up your LLP online from anywhere in India.
Why is Winding Up of LLP necessary?
If your LLP is not operating or generating any business and income, it is important to close it in a formal way complying all the legal requirements.
- The LLP remains a legal entity until it is wound up
- Failing to close the LLP can lead to penalties for continuing non-compliance.
- Continued filing of annual returns and statements for inactive LLPs is a financial and administrative burden.
- The Designated Partner may be disqualified from becoming partner in future
At GST Suvidha Centre, we can ensure the state of Winding Up of LLP in India is resolved promptly, so you can put aside any unnecessary future liabilities.
What is the process of winding up an LLP?
An LLP can be wound up either voluntarily or by the tribunal.
Key Conditions for Voluntary Strike-Off
- Cessation of Business for atleast 1 year
- Nil Assets and Liabilities
- Consent of Partners
- Compliance Up-to-Date:
- Closed Bank Accounts
- No Ongoing Litigation
Procedure for Voluntary Strike-off
Step 1: Cease Commercial Activity and Settle Liabilities
Step 2: Pass a Partners’ Resolution with unanimous consent to wind up the LLP
Step 3 Prepare necessary documentations including affidavits, indemnity bond, asset & liabilities acounts
Step 4 Filing of e-Form 24 on MCA portal
Step 5 Public Notice by ROC on MCA website for raising any objection
Step 6 Final order by ROC of dissolution of the LLP
Key Conditions for Voluntary Strike-Off
- Inability to pay debts.
- The number of partners falls below the required count
- Acting against National Interest
- Failure in filing annual returns for 5 consecutive years
- Involved in fraudulent or illegal activities
Procedure for Winding Up by the Tribunal
Step 1: Petition filed with NCLT by LLP, a partner, a creditor, the Registrar, or a government-authorised person.
Step 2: NCLT, after reviewing the petition, if it finds the grounds sufficient, will pass a winding-up order
Step 3:A professional liquidator is appointed to sell the assets and settle the liabilities of the LLP
Step 4: Liquidator files an application for winding up along with the winding up accounts & report with the Tribunal
Step 5: If the tribunal is satisfied, it will issue the dissolution order
How do I apply Online to wind up an LLP?
The process of registration of a Winding up of LLP is fully digital with GST Suvidha Centre and you can apply online from the comfort of your home.
As part of this service, we provide the following:
- Preparation of required documents
- Drafting Partner’s resolution for winding up
- Preparation of Statement of Accounts
- Drafting & Filing Form 24, form 1,2
- Assisting with affidavits, indeminity bonds, declaration of solvency
- Assisting with closing bank accounts
- Assisting with Newspaper publication of winding up, liquidator appointment.
Process to Avail Our Private Limited Company Registration Service
- Book a Consultation (Optional)
Visit our website to schedule a free consultation call if you require guidance before proceeding. - Select and Add the Service to Cart
Choose the Winding up of LLP service and add it to your cart. You may opt to proceed directly without a consultation. - Upload Required Documents and Complete Payment
Securely upload all necessary documents on our portal and finalize the process by making the payment. - Back-End Processing by Our Team
Our team will carry out all required procedures and formalities using the documents you have provided. - Completion and Document Handover
Upon completion, you will receive your official dissolution order for your records
The entire procedure will be processed online by qualified professionals to ensure smooth compliance with deadlines and provide you with peace of mind.
What documents are needed to wind up an LLP?
- PAN Card for the LLP
- LLP Agreement
- Partners’ resolution
- Partners’ Consent
- CA certified Statement of Accounts (not older than 30 days)
- Bank account closure proof
- Affidavit and Indemnity Bond by partners
-
Partners’ ID and address proof
- Last filed Form 8, 11 and ITR
We help you with preparing and uploading all documents correctly.
Can I get the service of Winding up of an LLP Near Me?
Yes! No matter if you are in Bilaspur or anywhere in Chhattisgarh or India, you can get the service of winding up of LLP near you with GST Suvidha Centre. We have an entire Pan-India Network and provide online and offline support.
At GST Suvidha Centre, we assist you in gaining these benefits through our prompt services.
How much does it cost to wind up an LLP with GST Suvidha Centre?
The cost for Winding Up of LLP in Bilaspur, or Winding Up of LLP in Chhattisgarh is dependent on the LLP’s structure and if there are any compliances that are pending. GST Suvidha Centre has affordable packages and offers end to end support for document preparation, filing forms, and providing confirmation of closure.
Why to select GST Suvidha Centre for Winding Up of LLP?
- 100% Online process
- Knowledgeable professionals in LLP compliance
- Transparent pricing and affordable cost
- PAN India service area
- Support active and inactive LLP
We will ensure that your LLP is closed efficiently, and legally, without wasting your time and reducing your stress.
Frequently Asked Questions:
Q1. Can I file a Winding Up of LLP case near me?
A. Yes. GST Suvidha Centre will offer Winding Up of LLP near you via both online and offline support across India.
Q2. How long does it take to have the winding up of LLP Online?
A. It will take from 6 to 12 months, depending upon the ROC processing and document approvals.
Q3. Is it necessary to complete all compliance before winding up of LLP?
A. Yes. The LLP must complete all statutory compliances, such as filing pending ROC returns, income tax returns, and clearing any dues or liabilities, before applying for winding up.
Q4. Can an LLP be closed if it has pending liabilities?
A. No, the LLP must clear all liabilities before it can be closed down
Q5. What happens if I do not close an inactive LLP?
A. You may be penalized if you fail to file ROC returns, even though the LLP is inactive. It will be better to apply for winding up, if you wish to discontinue the business.
Q6. Can I restart operations after applying for winding up?
A. No. Once you initiate the closure, the LLP must remain inactive until the ROC confirms dissolution.
Q7. Does GST Suvidha Centre help me even after closure?
Yes. We will assist you in winding up pending compliances or GST surrender, updating your records, handling any follow-up queries from ROC or Income Tax and even with Guidance for starting a new entity.
Close your LLP legally with GST Suvidha Centre – a trusted professional service provider of Winding Up of LLP
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