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of <h1>LLP Voluntary Winding-Up: Partners Must Declare Debt Status in Affidavit and Register Forms Before Resolution</h1> When a Limited Liability Partnership (LLP) proposes to wind up voluntarily, a majority of its designated partners, at least two, must declare in a verified affidavit that the LLP has no debt or can pay its debts within a year. This declaration, made in Form No. 2, must be registered with the Registrar in Form No. 3 within 15 days before the winding-up resolution. It must state the winding-up is not fraudulent, include a statement of assets and liabilities in Form No. 4, and, if applicable, a valuation report of the LLP's assets. Creditors' claims may be settled before making this declaration.
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