Magus can help you with winding up in a hassle-free manner within a reasonable time span and competitive Professional fees. To know more please book a telephonic appointment with one of our consultants for free.

The time period required for winding up of LLP shall depend upon various factor, however, based on our past experience it takes around 3 to 6 months to obtain a closure certificate from the department.

The LLP has to cease all its commercial activities and close its bank account Affidavit to be prepared by the Designated Partners and Partners Obtain CA certificate for Nil Assets & Nil Liabilities File the application along with the respective documents as mentioned above to the registrar of companies in form LLP 24 Appropriate Government fees is payable depending upon the contribution of the LLP.  

Consent letter from all Designated Partners or Partners Affidavit from all the Designated Partners or Partners Indemnity bond from all Designated Partners or Partners PAN card of LLP PAN card of all Designated Partners or Partners Aadhar card of all the Designated Partners or Partners Resolution passed by the LLP for the winding up Application to ROC for winding up Statement of asset and liabilities duly certified by the Chartered Accountant Latest Income tax return filed by the LLP Closure letter of all the Bank accounts operated by the LLP. All the registration Certificates obtained

Completion of all pending compliances Disposing off all assets and settling all liabilities Nil transaction in company’s bank account(s) for at least three months

The LLP becomes exempted from undertaking various applicable and onerous compliances. The LLP and its Designated Partners/ Partners may avoid hefty penalties arising due to various non-compliances.