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To close a Limited Liability Partnership (LLP) in India, Form 24 is used for striking off the name from the MCA records. Here’s a simple step-by-step guide:
Consent & Meeting: All partners must agree to closure through a resolution.
Clear Dues: Ensure the LLP has no liabilities.
Close Bank Account: Obtain closure letter from the bank.
Prepare Affidavit & Indemnity: Each partner must sign an affidavit and indemnity bond.
Income Tax Return: File the latest ITR and ensure NIL returns.
Form 8 & 11 Filing: File all due annual returns.
File Form 24: Submit the application along with documents to the Registrar.
Form 24 is the easiest way to shut down a defunct LLP legally. It helps avoid future penalties and ensures legal compliance.
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