Meaning of Strike-Off

• Strike-off is the process of removing the name of an LLP from the register maintained by the Registrar
  
• It is done when the LLP is no longer carrying on business or operations
  
• The process is initiated by the LLP through voluntary application or by the Registrar suo motu
  
• Once struck off, the LLP is treated as non-existent in legal records
  
• The process is governed by Rule 37 of the LLP Rules, 2009
  

Eligibility for Strike-Off

• The LLP must have ceased operations for at least one year
  
• It should have no liabilities or pending litigations at the time of application
  
• All statutory filings and compliances should be up to date
  
• Partners must agree to voluntarily close the LLP through a resolution
  
• The LLP must not be engaged in any regulated or restricted sector
  

Documentation Required

• Consent of all partners through a resolution for closure
  
• Statement of Accounts showing nil assets and liabilities, certified by a Chartered Accountant
  
• Affidavit and Indemnity Bond by all partners as per the prescribed format
  
• Copy of the latest Income Tax Return or a declaration stating non-filing due to inactivity
  
• Details of any pending legal proceedings or regulatory actions, if applicable
  

Filing with Registrar

• File Form 24 with the Registrar of Companies for strike-off
  
• Attach all supporting documents, including affidavit, indemnity bond, and resolution
  
• The form must be digitally signed by a designated partner and certified by a professional
  
• The Registrar reviews the application and may seek clarification if required
  
• If satisfied, the Registrar publishes a public notice and proceeds to strike off the LLP
  

Post Strike-Off Status

• The LLP’s name is removed from the official register and the MCA portal
  
• The LLP is legally considered dissolved and non-operational
  
• The partners remain liable for any undisclosed liabilities or fraud committed before the strike-off
  
• The LLP cannot carry on any business or legal activity after a strike-off
  
• Revival is possible only through application to the Tribunal within a prescribed time