Closure of Business

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Closure of Business

The Compliance Plan is a set of features that help you control how your team uses Slack.

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If you're closing your business, it's important to close your business registration.

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FAQs of Closure of Business

With this amendment,LLP Form 24has been introduced by MCA and now it is possible to close the LLP easily by applying to the Registrar for deletion of the name of the LLP.

  • Some startup just with the idea but after testing their ideas there is no profitability so they want to close the LLP.
  • There is no business activity for a long time.
  • Partner is not willing to continue the business or partnership
  • If the LLP is registered for any specified project and it has been completed.
  • LLP has become bankrupt.
  • Only one partner is remainder after the death of the partner and wants to close the business.
  • By the court order due to any circumstances.

A firm established under the Indian Partnership Act, 1932, and a private company or unlisted public company (incorporated under the Companies Act) shall be able to convert itself into LLP.
 

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