LLP
Winding up
Process

Fastest LLP Winding Up In India | Same Day Process

LLP Winding Up petitions can be filed by partners, creditors, Registrar or someone authorized by the Central Government. LLPs have seven days to respond and settle debts or face having their insolvency publicised. In addition, failing to respond will result in the freezing of their bank accounts, making it difficult to pay staff or buy supplies

LLP Winding Up Form

LLP Winding Up can be completed by either the LLP partners or the partners individually. Typically, a majority of partners must declare that they have no unpaid debts or are arranging to pay them in a certain time period. The process of winding up can be delayed, but it can be completed by the LLP. The LLP Winding Up can also be initiated by one partner, or all of them. During the winding-up process, the partners must agree to strike the LLP off the Companies.When an LLP is being wound up, the partners must pass a resolution, which must be approved by a majority of the total partners. After the LLP passes this resolution, the winding-up process begins. The date of the winding-up resolution is considered the date of the resolution. The winding-up notice must be published in a newspaper circulating in the registered office or principal place of the LLP. An LLP Winding-Up resolution must be passed by at least three-fourths of the total number of partners. The resolution must be filed in Form 1 with the Registrar within 30 days. It must also be given to the person appointed to wind up the LLP. This form of LLP resolutions can also be amended through a majority of the partners. In some cases, the LLP winding-up process may be initiated by a single partner.

Before filing for LLP Winding up

Avail Consultation from our Experienced Team

Details Required For LLP Winding UP

Passport Size Photo

Statement of Assets

Resolution

LLP IT Returns

Bank A/c Statement

Address Proof

Affidavit Copy

NOC from creditors

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