LLP Form 24: Easily Close an LLP the Right Way
If your LLP is no longer active, it is better to strike off LLP legally instead of leaving it unused on MCA records. Many partners stop business operations but forget that the LLP continues to exist until it is officially closed. For this, LLP Form 24 is filed with the MCA for striking off the name of the LLP.
MCA lists Form 24 as the “Application for striking off name” for LLPs. This means Form 24 is the official route for closing an inactive LLP through the MCA system. The process may look simple, but it needs proper documents, updated records, and partner consent before filing.
What Is LLP Form 24?
LLP Form 24 is used when partners want to close an LLP that is no longer carrying on business. It is not for active LLPs or LLPs with pending liabilities. The form is filed to request removal of the LLP’s name from the official register.
Once the application is approved, the LLP is treated as closed and cannot continue business activities in that name. This is why partners should check everything properly before filing.
When Should Partners Use Form 24?
Partners can use Form 24 when the LLP has stopped business and has no intention to continue in the future. It is commonly used when the LLP has no revenue, no operations, no assets, and no liabilities.
Before deciding to strike off LLP, partners should check whether bank accounts are settled, tax dues are cleared, pending filings are completed, and books of accounts are updated. If any of these areas are incomplete, the closure process may get delayed.
Documents Needed for LLP Closure
Form 24 filing usually requires important documents such as partner consent, affidavit, indemnity bond, statement of accounts, PAN details, LLP agreement, and other supporting records. The statement of accounts should show NIL assets and NIL liabilities and is generally certified by a Chartered Accountant.
The form also asks for details such as LLPIN, LLP name, registered office address, email ID, reason for closure, income tax return filing status, and the date from which the LLP stopped business.
Why Clean Records Matter
To strike off LLP, the records should clearly show that the LLP is ready for closure. If old bank balances, unpaid dues, GST issues, tax demands, or partner loans are still pending, the application may not move smoothly.
Clean books help prove that there is no active business and no financial obligation left. They also reduce future risk for partners because closure documents include confirmations and undertakings.
Closing an LLP is not just about uploading one form. Partners need to review compliance status, prepare documents, check liabilities, and file correctly on the MCA portal. Ebizfiling helps LLPs with closure readiness, document preparation, pending compliance review, and Form 24 filing support.
With professional assistance, partners can avoid common errors such as incorrect financial details, missing attachments, wrong closure date, or incomplete partner declarations.
Simple Checklist Before Filing Form 24
Before filing LLP Form 24, partners should check the following:
Stop all business activities
Clear pending liabilities
Close or settle bank accounts
Update books of accounts
Complete pending LLP filings
Prepare CA-certified statement of accounts
Take written consent from all partners
Prepare affidavit and indemnity bond
Check income tax and GST status
Confirm the correct date of business closure
This checklist helps make the process smoother and reduces the chance of objections.
C-PACE and LLP Strike Off
Recent references also mention C-PACE involvement in processing LLP strike-off applications, making correct filing more important. If partners want to strike off LLP, the LLP should not just be inactive on paper. It should be legally and financially ready for closure.
Final Thoughts
LLP Form 24 gives inactive LLPs a proper legal exit route. It helps partners close the entity instead of carrying unnecessary compliance responsibility year after year.
Before you strike off LLP, check whether the LLP has pending filings, open bank balances, tax dues, or incomplete records. A clean and planned closure is always better than silent abandonment.If the LLP has stopped business, Form 24 can make closure simple, but only when the documents and records are ready.