The main purpose of carrying out business is to earn profits. However, due to some inadvertent circumstances, an LLP may run into losses or may be due to due to the order of the Tribunal, an LLP may need to shut down its operations. Following are some of the common reasons for winding up the Company:
An LLP shall be wound up as per the Winding Up and Dissolution Rules 2012, issued in this regard.
Obtaining documents from Clients
Drafting an application to be filed with registrar
Filing of application and indemnity bond with registrar
Obtaining NOC from concerned Regulatory Authorities
Removal of name from the register of Members