Understanding Company/LLP Closure Process — the formal process of winding up or striking off a company or LLP that is no longer operational — starts with knowing exactly what the process involves. Here's a step-by-step breakdown for companies and LLPs with no ongoing business wanting to formally close.
Step 1
Settle outstanding liabilities and close bank accounts.
Step 2
Pass a resolution approving the closure.
Step 3
File the application for strike-off or winding up with the MCA.
Step 4
Respond to any queries until the closure is approved.
Documents to Keep Ready
Before starting, it helps to have these ready so the process moves without unnecessary back-and-forth:
- No pending liabilities or the plan to settle them
- Board/partner resolution approving closure
- Latest financial statements and filings up to date
- Bank account closure confirmation
- Indemnity bond and affidavit as required by the closure process
- NOC from relevant regulatory bodies, where applicable
What to Watch Out For
Applying for closure with pending statutory filings incomplete — this is one of the most frequent slip-ups at this stage, so it's worth double-checking before you proceed.
Need Help With This?
Leegal's team handles registration, compliance, and advisory work like this end-to-end, with transparent pricing and a dedicated point of contact throughout.
Call: +91 95721 91163 | Email: mail@leegal.in