The winding up of LLP may be either voluntary or by the NCLT under certain circumstances.
The NCLT can order for the winding up of a company which is a LLP on the grounds of inability of the LLP to pay its debts, or default in filing the statement of account or solvency or annual return with the Registrar of Companies (“ROC”) for five consecutive financial years or any other ground which is just and equitable in the opinion of the NCLT.
The Central Government will make rules for provisions relating to winding up and dissolution of LLP . HiGrit offers for LLP winding starts at Rs.13500/-
The winding up of the LLP may be either voluntary or by the Tribunal to be established under the Companies Act, 1956. Till the Tribunal is established, the power in this regard has been given to the High Court.
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•The LLP wants to be wound up(closing of LLP).
•There are less than two Partners in the LLP business for a period of more than 6 months
•Closing of a business as the LLP is not in a position to pay its debts.
Wind up a LLP with 2 Partners with no activity since incorporation.
Wind up a LLP having upto 4 Partners and having no creditors.
Wind up a LLP having more 4 Partners but less than 8 and having no creditors.