Closure LLP
LLP Strike Off | LLP Closure – Cardiff Service
When a Limited Liability Partnership (LLP) ceases to carry out business activities or remains inactive for one year or more, it can apply to the Registrar of Companies (ROC) for voluntary strike-off. Under Section 63 of the LLP Act, 2008 and Rule 37, if an LLP has not carried on business for two years or more, the ROC may strike off its name from the register.
This ensures that only active and compliant LLPs remain registered, maintaining the transparency and integrity of the corporate framework. Cardiff Service provides complete assistance in filing and processing LLP closure, ensuring compliance with legal requirements.
Why Choose Cardiff Service for LLP Closure?
End-to-End Compliance Support – From preparing documents to filing with ROC.
Hassle-Free Process – Smooth online filing and legal closure without complications.
Penalty & Risk Avoidance – Prevent future penalties for non-compliance.
Expert Guidance – Professional handling of LLP strike-off with accuracy.
Benefits of Striking off an LLP
Striking off a Limited Liability Partnership (LLP) offers several benefits to both the partners and the business entity, making it a smart option for LLPs that are no longer conducting business or fulfilling operational objectives. At Cardiff Service, we simplify the strike-off process so you can enjoy the following advantages:
- Reduction in Compliance Burden:- Once an LLP is dissolved, there is no need to file annual returns, maintain statutory records, or comply with other regulatory filings. This eliminates recurring compliance costs and saves valuable time and resources.
- Elimination of Financial Liabilities:-Striking off ensures the LLP is no longer liable for pending debts or financial obligations. Partners are protected from penalties or liabilities, provided dues are cleared beforehand. This gives peace of mind and financial security to the partners.
- Cost Savings:-Maintaining a dormant LLP still attracts compliance costs such as audit fees, filings, and penalties. By striking off, these unnecessary expenses are eliminated, helping partners save money in the long term.
- Improved Business Reputation:-Keeping an inactive LLP on record may create a negative impression among investors, creditors, or stakeholders. By officially dissolving the LLP, partners maintain a clean business image and can focus on new opportunities without the burden of a non-operational entity.
- Legal and Regulatory Clarity:- Striking off provides legal closure, ensuring the LLP is formally recognized as dissolved. This removes ambiguity regarding its legal standing and prevents future disputes or liabilities linked to past operations.
- Opportunity for Reinvestment:-Closing an inactive LLP frees up partners’ time, energy, and capital. This allows them to redirect resources toward new and profitable ventures, making it easier to start fresh and explore new business opportunities.
Eligibility Criteria for LLP Strike
Closing or striking off a Limited Liability Partnership (LLP) requires meeting specific eligibility conditions under the LLP Act, 2008. At Cardiff Service, we ensure your LLP fulfills all compliance requirements before filing for closure, so the process is smooth and legally valid.
Key Eligibility Conditions:
Inactivity for One Year or More
The LLP must not have carried out business since incorporation, or it must have been inactive for at least one year to qualify for strike-off.
Filing of Overdue Returns
All pending annual returns (Form 8 & Form 11) up to the year in which the LLP stopped operations must be filed with the Registrar of Companies (ROC). This ensures statutory compliance.
Closure of Bank Accounts
All LLP bank accounts must be closed before applying. This prevents any future financial disputes or complications related to unsettled balances.
No Pending Liabilities
The LLP must not have outstanding debts, loans, or obligations to third parties. All creditors must be paid, and liabilities settled prior to closure.
Tax Compliance
The LLP must file its Income Tax Return for the last financial year, even if inactive. A confirmation that no dues remain with the Income Tax Department is mandatory.
No Ongoing Litigation or Disputes
The LLP must not have unresolved legal cases, pending financial disputes, or ongoing proceedings with government authorities.
Documents Required for LLP Closure
To close a Limited Liability Partnership (LLP), certain documents must be prepared and submitted to the Registrar of Companies (ROC) to ensure compliance with all legal and regulatory requirements. At Cardiff Service, we help you gather and file every necessary document to guarantee a smooth strike-off process.
Key Documents for LLP Strike-Off:
Indemnity Bond Towards Any Liability
A notarized indemnity bond confirming that the LLP and its partners will take responsibility for any liabilities arising even after strike-off. This protects the partners from legal claims post-closure.
Statement of Account Certified by a Chartered Accountant (CA)
A financial statement showing details of assets, liabilities, income, and expenses, certified by a CA.
Confirms that there are no pending financial obligations before closure.
Board Resolution Authorizing the Filing
A resolution passed by all partners (or governing body) authorizing the closure.
Serves as official approval showing unanimous consent for dissolution.
LLP Agreement (If Any)
A copy of the original LLP Agreement and any amendments, as it outlines partners’ rights, duties, and obligations.
Ensures the closure process aligns with agreed terms.
Other Documents Required by ROC
Depending on jurisdiction, ROC may request additional documents such as affidavits, declarations, or clarifications.
Cardiff Service ensures all region-specific requirements are met to avoid delays.
Procedure for Voluntary Strike-Off of an LLP
To close a Limited Liability Partnership (LLP) in India, the process must be carried out carefully to ensure compliance with all legal requirements. At Cardiff Service, we simplify this process for you step by step:
Step-by-Step LLP Strike-Off Process
1. Passing of Resolution
The first step is passing a board resolution by the designated partners of the LLP.
The resolution should clearly state the intention to dissolve the LLP and authorize filing with the Registrar of Companies (RoC).
This serves as an official confirmation of the partners’ decision and is mandatory before starting the closure procedure.
2. Clearing Liabilities
Before closure, all outstanding liabilities such as loans, taxes, employee wages, vendor payments, or statutory dues must be settled.
Any pending claims must be addressed to avoid complications after dissolution.
3. Filing Form 24
Once liabilities are cleared, designated partners must file Form 24 with the RoC.
This includes all necessary supporting documents: indemnity bond, statement of accounts certified by CA, board resolution, and other required forms.
Filing Form 24 ensures the RoC is officially notified of the LLP’s strike-off request.
4. Public Notice and Objections
After filing, the RoC issues a public notice inviting objections from creditors, stakeholders, or the public.
A 30-day period is provided for raising objections. If none are received, the process continues smoothly.
If objections arise, the RoC examines them before proceeding further.
5. Final Strike-Off Notification
If no objections remain, the RoC issues a Final Strike-Off Order.
The LLP is then legally dissolved and treated as if it never existed.
Partners are released from further compliance obligations and liabilities, provided all dues were cleared before closure.
Frequently Asked Questions
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