Form 24 – Application for Striking Off Name of LLP

When a Limited Liability Partnership (LLP) has stopped carrying on business or has become inactive, the partners may choose to close the LLP formally by applying for removal of its name from the register maintained by the Ministry of Corporate Affairs (MCA). This process is known as LLP strike off and is carried out by filing Form 24 – Application for Striking Off Name of LLP.

At N D Savla & Associates, we assist LLPs in completing the entire LLP strike off process, including preparation of documents, clearing compliance requirements, and filing Form 24 with the Registrar of Companies (ROC). Our team ensures that the closure is done properly and in accordance with the provisions of the Limited Liability Partnership Act, 2008.

What is Form 24 for LLP?

Form 24 is the application filed with the Registrar of Companies requesting removal of the LLP’s name from the official records. Once the Registrar approves the application, the LLP is dissolved and its name is struck off from the MCA register.

This option is typically used by LLPs that are not carrying on business and wish to close the entity voluntarily.

When Can an LLP Apply for Strike Off?

An LLP may apply for striking off its name if it meets certain conditions, such as:

• The LLP has ceased to carry on business or has never commenced business

• The LLP has no outstanding liabilities

• All partners have agreed to close the LLP

• The LLP has closed its bank accounts and financial obligations

• Required statutory filings are completed before applying for strike off

Before filing Form 24, the LLP must ensure that its compliance status is up to date and that there are no pending liabilities.

Documents Required for LLP Strike Off

While filing Form 24, certain documents are generally required, including:

• Consent of all partners for strike off

• Affidavit and indemnity bond from partners

• Statement of accounts showing nil assets and liabilities

• Copy of acknowledgement of latest income tax return (if applicable)

• Closure proof of bank account

Our team at N D Savla & Associates assists in preparing these documents and ensuring that the strike off application is properly filed.

Process of LLP Strike Off

The LLP strike off procedure generally involves the following steps:

1. Partner Approval
All partners must agree to close the LLP and approve the strike off application.

2. Clearing Liabilities
The LLP must settle all liabilities and close bank accounts before filing the application.

3. Preparation of Required Documents
Affidavits, indemnity bonds, and financial statements must be prepared and signed by partners.

4. Filing Form 24 with MCA
The strike off application is submitted through the MCA portal.

5. Registrar Review
The Registrar reviews the application and, if satisfied, removes the LLP name from the register.

Importance of Proper LLP Closure

Closing an inactive LLP through the official strike off process helps avoid unnecessary compliance requirements and penalties. If an LLP remains active on MCA records without conducting business or filing required forms, it may accumulate heavy late filing fees.

By filing Form 24, LLPs can legally close the entity and avoid future compliance obligations.

Our LLP Strike Off Services

At N D Savla & Associates, we provide complete assistance for LLP strike off and Form 24 filing, including:

• Advisory on eligibility for LLP strike off

• Preparation of affidavits and indemnity bonds

• Preparation of statement of accounts

• Filing Form 24 with MCA

• Assistance with pending LLP compliances before strike off

Our professionals ensure that the strike off process is handled smoothly and in accordance with MCA requirements.