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What is Strike Off LLP ?

LLP means an alternative corporate business form that it gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners. It is capable of entering into contracts and holding property in its name.

The LLP is a separate legal entity, is liable to the full extent of its assets but liability of the partners is limited to their agreed contribution in the LLP.

Documents Required for Strike Off LLP
  • A statement of account disclosing nil assets and nil liabilities, certified by a Chartered Accountant in practice made up to a date not earlier than 30 days of the date of filing of Form 24.
  • Copy of acknowledgement of latest Income tax return- Self-Explanatory.
  • A Copy of the initial limited liability partnership agreement, if entered into and not filed, along with changes thereof.
  • Copy of Detailed Application- Mention full details of LLP plus reasons for closure.
  • A Copy of Authority to Make the Application- Duly signed by all the Partners.
LLP Strike off can be done on the following conditions
  • LLP is inoperative from the date of incorporation or inactive for a period of at least one year
  • LLP does not have any assets / liabilities as on the date of application.
  • Closure of current account of the LLP has been done
  • LLP Obtain the consent of the parties i.e any other authority, creditors and partners.
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