Winding Up - LLP
take your first step towards winding up your Business. A LLP not commenced its business within one year from the date of incorporation/inactive for two years.
Colour: White
The Winding-up of the LLP is initiated by a tribunal for the following reasons:
- The LLP wants to wind up.
- There are less than two partners in the LLP for more than 6 months
- The LLP is not in a position to pay debts
- The LLP has acted against the interest of the sovereignty and the integrity of India, the specified security of the state or public order.
- The LLP has not filed with the statement of accounts and solvency or the LLP annual returns for any five consecutive financial years with the Registrar.
- The Tribunal thinks that is just and equitable that the LLP should windup.
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