What Is LLP Closure / Strike Off?
LLP Closure / Strike Off is the formal process of removing a defunct or non-operational LLP from the register maintained by the Registrar of LLPs, under Rule 37 of the LLP (Winding up and Dissolution) Rules, 2012. It is the standard route for LLPs that have never commenced business, or have ceased operations and no longer wish to continue as a registered entity.
The closure is carried out by filing Form 24 with the Registrar of LLPs, along with a NIL statement of accounts, partner consent, an affidavit, and an indemnity bond from the designated partners. Once processed, the Registrar publishes a strike-off notice, and the LLP's name is permanently removed from the register — ending all future compliance obligations and penalties associated with the entity.
🗂️ Key Features of LLP Closure
NIL Assets & Liabilities Requirement
Form 24 can only be filed where the LLP has NIL assets and NIL liabilities as on the date of a statement of accounts certified by a practicing Chartered Accountant, not older than 30 days from filing.
All Partners' Consent
Every partner of the LLP must give their written consent to the closure — this is filed as an attachment to Form 24, along with an authorization for one or more designated partners to make the application.
Bank Account Must Be Closed
The LLP must close all its bank accounts before applying for strike-off, and obtain a closure confirmation/certificate from the bank as supporting evidence.
Affidavit & Indemnity Bond
The designated partners must file a notarized affidavit confirming the LLP has ceased business (or never commenced it) and has no liabilities, along with an indemnity bond protecting third parties against any future claims.
One-Month Public Notice
Before striking off the name, the Registrar publishes a general notice — typically for one month — inviting objections from the public, creditors, or other stakeholders.
Permanent Dissolution
Once struck off, the LLP is dissolved and ceases to exist as a legal entity from the date mentioned in the notice, ending all future statutory filing obligations.
✅ Eligibility & Requirements (FY 2025-26)
Before Filing Form 24
- • LLP has not commenced business since incorporation, OR has ceased business/commercial operations for at least 1 year
- • NIL assets and NIL liabilities as on the date of the statement of accounts
- • Bank account(s) closed with closure confirmation obtained
- • Consent of all partners for the closure
- • No pending litigation or disputes involving the LLP
Filing Requirements
- • Pending Form 8 & Form 11 (if the LLP commenced business) filed up to the date operations ceased
- • Statement of Accounts certified NIL by a CA, not older than 30 days from filing Form 24
- • Notarized affidavit and indemnity bond from designated partners
- • Form 24 filed with the jurisdictional Registrar of LLPs
⚖️ Form 24 Strike-Off vs Formal Winding Up
| Feature | Form 24 Strike-Off | Formal Winding Up |
|---|---|---|
| Applicable When | NIL assets & liabilities, defunct LLP | LLP has assets/liabilities to be settled |
| Authority | Registrar of LLPs | NCLT (compulsory) or Registrar (voluntary) |
| Process Complexity | Simple, form-based | Detailed, involves liquidator/creditors |
| Typical Timeline | 3-4 months | 6-18 months or more |
| Cost | Lower | Higher (liquidator & legal fees) |
| Best For | Inactive, debt-free LLPs | LLPs with unresolved dues or disputes |
💰 Advantages of Formal Closure
✓ Stops Accumulating Penalties
An inactive LLP still accrues late filing fees for pending Form 8/Form 11 every year it remains on the register — formal closure stops this permanently.
✓ Protects Designated Partners
Designated partners of a non-compliant LLP can face penalties and potential disqualification from future directorships/designated partnerships — closure removes this ongoing exposure.
✓ Clean Legal Record
A formally dissolved LLP (versus one struck off involuntarily by the Registrar for non-filing) reflects a properly closed-out entity in the partners' compliance history.
✓ Lower Cost Than Continued Compliance
The one-time cost of closure is typically far lower than years of accumulating annual filing fees, penalties, and professional charges for a business that is no longer operating.
✓ Frees Up the Name
Once dissolved, the LLP's name becomes available for future use (subject to standard name-availability rules) if the partners wish to start a new venture.
⚠️ Points to Keep in Mind
- →Not for LLPs with Liabilities: If the LLP has outstanding loans, dues, or disputes, these must be settled first — Form 24 strike-off requires a NIL position.
- →Pending Returns May Still Be Needed: If the LLP ever commenced business, overdue Form 8/Form 11 filings up to the cessation date are usually required before applying.
- →Public Objection Window: The Registrar publishes a notice inviting objections before finalising the strike-off — this adds to the overall timeline.
- →Partner Consent Is Mandatory: All partners must consent; disagreement among partners can delay or block the closure application.
- →Records Should Be Retained: Even after dissolution, partners should retain LLP records, bank statements, and filings for future reference, as certain liabilities can still be pursued post-dissolution in specific circumstances.
- →Not Reversible Without NCLT: Once struck off, reviving the LLP requires an NCLT restoration application — closure should be a considered, final decision.
🎯 When to Choose LLP Closure?
Form 24 strike-off is ideal if:
- ✓The LLP has never commenced business, or has been inactive for a year or more
- ✓All partners agree there is no future plan to revive the LLP's operations
- ✓The LLP has no outstanding debts, contracts, or ongoing litigation
- ✓You want to stop accumulating annual non-filing penalties on a dormant entity
- ✓The LLP's bank account can be (or has been) closed with a NIL balance
Not Recommended if: The LLP has unresolved assets, liabilities, or disputes — in such cases, a formal winding-up process (rather than a simple Form 24 strike-off) is the appropriate route. Taxvio can advise which applies to your situation.
LLP Closure Process (FY 2025-26)
Complete Form 24 strike-off process — from eligibility check to closure confirmation:
Eligibility Assessment
2-3 daysConfirm the LLP either never commenced business since incorporation, or has ceased business/commercial operations for at least 1 year, and has no pending litigation or disputes. Review the LLP's filing history (Form 8, Form 11) and financial position to determine if Form 24 strike-off is the right route, or whether a formal winding-up process is more appropriate.
Settle Outstanding Liabilities & Cease Operations
Varies (as required)Clear any pending dues, loans, or obligations owed by the LLP, terminate ongoing contracts, and formally cease all business or commercial activity. The LLP must reach a genuine NIL assets and NIL liabilities position before proceeding.
Close the LLP's Bank Account(s)
5-10 daysApproach the bank(s) where the LLP holds current or savings accounts and formally close them, obtaining a closure confirmation letter or certificate. This is a mandatory precondition for Form 24 filing.
Obtain Consent of All Partners
2-5 daysCollect written consent from every partner of the LLP approving the closure, along with an authorization for one or more designated partners to sign and file the Form 24 application on behalf of the LLP.
File Pending Form 8 & Form 11 (If Applicable)
5-15 days (if pending returns exist)If the LLP had commenced business at any point, all overdue Statement of Account & Solvency (Form 8) and Annual Return (Form 11) filings up to the date business ceased must be completed with the Registrar of LLPs, along with any applicable additional fees.
Prepare NIL Statement of Accounts
2-4 daysA statement of accounts disclosing NIL assets and NIL liabilities, certified by a practicing Chartered Accountant, is prepared. This statement must NOT be older than 30 days from the date of filing Form 24.
Draft Affidavit & Indemnity Bond
2-3 daysDesignated partners execute a notarized affidavit confirming the LLP has ceased business (or never commenced it) and has no outstanding liabilities, along with an indemnity bond (individually or jointly by all/any designated partners) indemnifying against any losses or claims that may arise post-closure.
Filing of Form 24 with Registrar of LLPs
3-5 days to prepare & fileForm 24 is filed with the jurisdictional Registrar of LLPs, along with attachments: PAN of the LLP, statement of accounts (NIL, CA-certified), copy of the latest Income Tax Return acknowledgment (if applicable), consent of all partners, affidavit, indemnity bond, and bank account closure confirmation. The application is digitally signed by the designated partner(s).
Registrar Processing & Public Notice
~30 days (public notice period)The Registrar examines the application and, if satisfied, publishes a general notice — typically on the MCA website/Official Gazette for around one month — inviting objections from the public, creditors, or other interested parties before finalising the strike-off.
Strike Off & Dissolution
Following the notice periodIf no objections are received (or objections are resolved), the Registrar strikes off the LLP's name from the register and publishes a notice of dissolution. From this date, the LLP ceases to exist as a legal entity and all future statutory compliance obligations end.
Closure Confirmation Follow-Up
Within 15 days of strike offConfirm the LLP's status has been updated to 'Struck Off/Defunct' on the MCA portal, and retain copies of the Form 24 acknowledgment, strike-off notice, and all supporting documents for future reference by the partners.
✅Total Timeline
3-4 months on average from starting the process to the LLP's name being struck off, primarily driven by the Registrar's ~30-day public notice period. Breakdown: preparation, bank closure & consent (2-3 weeks) + pending return clearance if applicable (1-3 weeks) + Form 24 filing (3-5 days) + Registrar processing & public notice (~4-8 weeks).
Documents Required for LLP Closure
Core LLP Records
- ✓PAN card of the LLP
- ✓Certificate of Incorporation of the LLP
- ✓LLP Agreement (and any supplementary agreements)
- ✓Latest Form 11 & Form 8 filed (if any)
- ✓Copy of the latest Income Tax Return acknowledgment (if applicable)
Partner Documentation
- ✓Written consent letters from all partners
- ✓PAN & Aadhaar of designated partners
- ✓Authorization for designated partner(s) to sign and file
- ✓Notarized affidavit from designated partners
- ✓Notarized indemnity bond from designated partners
Financial Documentation
- ✓Statement of accounts (NIL) certified by a CA — not older than 30 days from filing
- ✓Bank account closure confirmation letter/certificate
- ✓Books of accounts or working papers to confirm NIL position
- ✓Proof of settlement of any prior liabilities
If the LLP Commenced Business
- ✓All pending Form 8 filings up to cessation of business
- ✓All pending Form 11 filings up to cessation of business
- ✓Details of the date business operations ceased
- ✓Reasons/circumstances for ceasing operations
📝 Additional Information Required
- •Date of incorporation and date business ceased (if applicable)
- •Confirmation that all partners agree to the closure
- •Registered office address for determining jurisdictional Registrar
- •Number of pending Form 8/Form 11 years, if applicable
- •Confirmation of NIL bank balance and account closure status
- •Any pending litigation or disputes involving the LLP
Common Mistakes in LLP Closure
Form 24 has strict eligibility conditions — avoid these critical errors:
Filing While Liabilities Are Still Pending
⚠️ Problem
Applying for closure while the LLP still has outstanding loans, dues to vendors, or unresolved obligations. Form 24 strictly requires a NIL assets and NIL liabilities position — filing with unsettled liabilities typically leads to rejection or, worse, future disputes after dissolution.
✅ Solution
Fully settle and close out all liabilities BEFORE preparing the statement of accounts and filing Form 24. Where liabilities cannot be resolved, consider a formal winding-up route instead. Taxvio verifies the NIL position before proceeding with the filing.
Not Obtaining Consent from Every Partner
⚠️ Problem
Filing the closure application without documented consent from all partners. Even one dissenting or unreachable partner can create legal complications or grounds for objection during the closure process.
✅ Solution
Collect signed written consent from every partner before initiating the filing, and keep copies as part of the permanent record. Taxvio prepares standardized consent documentation for all partners to sign.
Using an Outdated Statement of Accounts
⚠️ Problem
Filing Form 24 with a NIL statement of accounts that is older than the prescribed 30-day window from the filing date. This is a common technical defect that leads to Registrar queries and refiling delays.
✅ Solution
Get the statement certified by a practicing Chartered Accountant as close as possible to the actual filing date, and file Form 24 promptly thereafter to stay within the 30-day limit. Taxvio coordinates the timing between CA certification and filing.
Not Closing the Bank Account First
⚠️ Problem
Applying for strike-off while the LLP's bank account remains open. An open account with any balance is inconsistent with the NIL position required for Form 24, and can delay or derail the application.
✅ Solution
Formally close all LLP bank accounts and obtain a closure confirmation letter from the bank before filing Form 24. Ensure account balances are withdrawn or transferred appropriately beforehand.
Skipping Pending Form 8 / Form 11 Filings
⚠️ Problem
Assuming that because the LLP is now inactive, past-due Form 8 and Form 11 filings can simply be skipped. If the LLP had commenced business, these pending filings (up to the date operations ceased) are generally required before Form 24 can be accepted.
✅ Solution
Review the LLP's complete filing history and clear all pending Form 8/Form 11 returns up to the cessation date before applying for strike-off. Taxvio's Standard and Complete packages include this pending return clearance.
Not Retaining Records After Closure
⚠️ Problem
Discarding LLP records, bank statements, and filings immediately after the strike-off is confirmed. Certain claims or verification requests can arise even after dissolution, and partners without access to records may struggle to respond.
✅ Solution
Retain copies of the LLP Agreement, financial records, Form 24 acknowledgment, and the strike-off notice for several years after closure, even though the entity itself has ceased to exist. Taxvio provides a complete document package upon closure for this purpose.
LLP Closure Packages
Comprehensive closure and compliance packages for inactive LLPs:
Basic
₹5,999
One-time fee
Included Services
- ✓Eligibility assessment
- ✓Partner consent documentation
- ✓NIL statement of accounts coordination with CA
- ✓Affidavit & indemnity bond drafting
- ✓Form 24 preparation & filing
- ✓Closure confirmation follow-up
- ✓Email & phone support
Not Included
- ✗Pending Form 8/Form 11 filing not included
- ✗Bank account closure coordination not included
- ✗Notarization charges billed separately
Ideal For
LLPs that never commenced business and have no pending returns
Standard
₹9,999
One-time fee
Included Services
- ✓Everything in Basic
- ✓Pending Form 8 & Form 11 filing for up to 1 year
- ✓Bank account closure coordination
- ✓Registrar query response support
- ✓Priority support (WhatsApp + email)
Not Included
- ✗Additional pending years billed as add-on
Ideal For
LLPs that commenced business but became inactive within the last year
Complete
₹14,999
One-time fee
Included Services
- ✓Everything in Standard
- ✓Pending Form 8 & Form 11 filing for up to 3 years
- ✓Final Income Tax Return filing coordination
- ✓GST cancellation/surrender assistance (if registered)
- ✓Dedicated CA + CS team with end-to-end follow-up
- ✓Complete document package retained post-closure
Ideal For
LLPs with multiple pending years of returns needing full handholding through closure
💼 Add-On Services (Optional)
Additional Pending Year Filing
₹2,499/year
Form 8 & Form 11 for each extra pending financial year
Final Income Tax Return Filing
₹2,999
Last-year ITR filing for the LLP before closure
GST Cancellation
₹1,999
Surrender of GST registration, if applicable
Bank Closure Letter Drafting
₹999
Formal request letter for account closure
Indemnity Bond Notarization Coordination
₹999
Assistance arranging notarization of the bond
Annual Compliance (Interim Years)
₹9,999/year
If the LLP needs to remain compliant during closure processing
What Our Clients Say
"We registered an LLP for a project that never took off and it sat inactive for two years, racking up late fees. Taxvio reviewed our situation, confirmed we had a genuine NIL position, and got Form 24 filed within a couple of weeks. The whole closure was confirmed in about 3 months."
Ashok Bansal, Designated Partner
Formerly Vertex Consulting LLP
Meerut, UP
"We had one year of pending Form 8 and Form 11 filings before we could close our dormant LLP. Taxvio's Standard package handled the pending returns, bank account closure coordination, and the Form 24 filing itself — smooth process with clear updates throughout."
Reema Singhal, Designated Partner
Formerly Coral Interiors LLP
Noida, UP
"Our LLP had three years of pending filings after we quietly stopped operating. Taxvio's Complete package cleared all the backlog, handled our final ITR, and got the closure confirmed without us having to chase anything. Money well spent to finally close the chapter."
Manoj Tyagi, Designated Partner
Formerly Skyline Traders LLP
Ghaziabad, UP
LLP Closure Services Across India
Taxvio is based in Khatauli, Muzaffarnagar, UP and provides online LLP closure and strike-off services for inactive partnerships across Meerut, Noida, Delhi NCR, Mumbai, Pune, Ahmedabad, Surat, and all cities in India. Complete remote handling with document collection, CA certification coordination, and Form 24 filing.
Frequently Asked Questions — LLP Closure
What is Form 24 and when can it be used to close an LLP?+
Can an LLP with pending liabilities be closed using Form 24?+
Do we need to file pending Form 8 and Form 11 before closing the LLP?+
How long does the LLP closure process take?+
What is the difference between LLP strike-off (Form 24) and formal winding up?+
Can a struck-off LLP be reopened or restored later?+
Is a NIL statement of accounts mandatory for LLP closure?+
Stop Paying for an Inactive Entity
Close Your LLP — Formally & Permanently
Get Form 24 preparation & filing, partner consent documentation, pending return clearance, and closure confirmation follow-up handled end-to-end. Stop accumulating non-filing penalties on a dormant LLP. Starting ₹5,999 with expert CA & CS team.