Winding up an inactive or insolvent Limited Liability Partnership (LLP) is a highly structured process required to discharge outstanding business liabilities, distribute remaining partnership assets, and terminate your compliance obligations with the Registrar of Companies. Unlike a simple administrative strike-off, formal winding up under the LLP (Winding Up and Dissolution) Rules, 2012, is designed for LLPs that have operational debts, commercial disputes, or complex asset structures. We navigate both voluntary winding up (initiated by partner resolutions) and compulsory winding up processes, assisting in the appointment of qualified liquidators, filing required declarations of solvency, and managing creditor settlements to ensure a legally secure and dispute-free exit.
Coordinate the formal appointment of a corporate liquidator to systematically realize LLP assets and settle outstanding creditor claims.
Draft and file statutory declarations of solvency signed by a majority of designated partners, confirming the LLP can fully discharge its debts.
Manage the statutory notices, meetings, and consent procedures required to secure approval from at least two-thirds of your creditors.
Prepare and file the final liquidator's report and dissolution application with the ROC to secure the official termination of the LLP.
Form 24 strike-off is a fast-track administrative process restricted to defunct LLPs with zero assets and zero liabilities that have been inactive for at least one year. Winding up is a formal liquidation process used when the LLP has active debts, assets, or ongoing disputes.
Yes, under MCA rules, the partners must execute and file a statutory declaration of solvency affirming that they have made a full inquiry into the LLP's affairs and that the entity can pay its debts in full within a specified period (not exceeding 3 years).
The liquidator is appointed by the partners or NCLT to take control of the LLP's remaining assets, recover pending receivables, pay off secured and unsecured creditors in order of priority, and distribute the remaining surplus to the partners.
Comprehensive solutions tailored to your business needs.
Formally record board resignations, executing DIR-12 and DIR-11 filings to eliminate post-exit statutory liabilities.
