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RU
All about Voluntary Strike Off of An LLP
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taxguruin
TO ADDRESS THIS INDIAN LAW PROVIDES A SIMPLE EXIST ROUTE KNOWN AS VOLUNTARY STRIKE OFF OF AN LLP WHICH ALLOWS LLP TO FORMALLY CLOSE THEIR OPERATIONS AND REMOVE THEIR NAME FROM THE REGISTER OF MINISTRY OF CORPORATE AFFAIRS IN A LAWFUL AND TRANSPARENT MANNER.
Let’s Travel over the process of voluntary strike off for Limited Liability partnership (LLP’s).
–“No business, no liabilities, no future plans — let’s shut this properly.”PRE REQUISITE FOR VOLUNTARY STRIKE OFF OF AN LLP-Step / Requirement Description Consent of All Partners All partners of the LLP must agree to apply for voluntary strike-off and pass a resolution.
Voluntary strike off trends over the years1.
For further guidance or expert assistance on LLP compliance and voluntary strike off, feel free to reach out Monika Malhotra and associates.