Striking off name of LLP: administrative removal after notice, required filings, and safeguards for assets and liabilities. Rule 37 provides the procedure for striking off a defunct LLP's name: initiation suo motu after two years' inactivity or via Form 24 application after one year, notice and one-month period for representations, public posting on the Ministry website, and prescribed documentary and affidavit requirements including certified nil asset/liability statement and indemnity. The Registrar or Centre must ensure provision for realization of assets and discharge of liabilities, may obtain undertakings, assets remain available for liabilities post-removal, designated partners' liabilities continue, and the Tribunal retains winding-up powers.
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Provisions expressly mentioned in the judgment/order text.
Striking off name of LLP: administrative removal after notice, required filings, and safeguards for assets and liabilities.
Rule 37 provides the procedure for striking off a defunct LLP's name: initiation suo motu after two years' inactivity or via Form 24 application after one year, notice and one-month period for representations, public posting on the Ministry website, and prescribed documentary and affidavit requirements including certified nil asset/liability statement and indemnity. The Registrar or Centre must ensure provision for realization of assets and discharge of liabilities, may obtain undertakings, assets remain available for liabilities post-removal, designated partners' liabilities continue, and the Tribunal retains winding-up powers.
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