ROC Compliances

Winding up is the process, where all the assets of the business are sold to paying off creditors and distributing surplus if any, among the owners of the business. An LLP may decide to wind up its business by two modes, either by voluntarily winding up or compulsory winding up.


Involuntary winding up partners may decide between themselves to wind up the operations of the business. In compulsory winding up an LLP may be compulsorily wound up by the order of the tribunal. There are certain circumstances for the LLP compulsory winding up. Eg. when LLP is unable to pay off its debts, where the number of partners of the limited liability partnership is reduced below two and it continues for the period of more than six months.

What is Included In Our Package

  • 1. Directors affidavit for dues

  • 2. Indemnity bond

  • 3. Board resolutions creation

  • 4. Statement of account preparation

  • 5. Registration Fees

Procedure For LLP Closure

  • 1. Complete our Simple Form

  • Fill details in our simple questionnaire and submit documents required.


  • 2. Drafting documents

  • Our experts will draft the required documents for LLP closure.


    12 WORKING DAYS


  • 3. Filing your documents

  • We will file the documents with Ministry of Corporate Affairs.


    2 WORKING DAYS


  • 4. Receive your Documents

  • We shall then, send your documents to you via Courier..


    20-25 WORKING DAYS


  • 5. Your work is completed

Reasons for winding up by the tribunal

  • 1. LLP wants to be wind up.

  • 2. There are less than two partners in LLP for a period of more than 6 months.

  • 3. LLP is not in a position to pay its debts.

  • 4. LLP has not filed with the registrar, the statement of Accounts and solvency or annual returns of LLP for any 5 consecutive financial years.

  • 5. The Tribunal is of the option that it is just and equitable that the LLP should be wound up.

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