https://www.taxtmi.com/acts?id=11227 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. en-us Fri, 18 Sep 2009 16:37:15 +0530 Tue, 06 Aug 2024 11:36:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11227 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. Act-Rules LLP Fri, 18 Sep 2009 16:37:15 +0530 https://www.taxtmi.com/acts?id=11227