STRIKING OFF LLP though sale of fixed asset
This query is : Resolved
05 June 2026
We want to strike off LLP. We have only one transaction that is sale of motor car and book loss in P & L in FY 25-26. In this scenario, shall we apply for Strike off in June 26 or we have to wait 1 year as there is rule for strike off after 1 year of ceased business.? Also Note that business activity is closed from last 3 years. No creditors and debtors are outstanding. we have applied for bank closer.
05 June 2026
Since your LLP has been inactive for three years, you have satisfied the "one year of ceased business" requirement to apply for strike-off, as stated in image_a544e7.jpg. The recent sale of a motor car is considered a part of your winding-down process and does not conflict with your eligibility. You should ensure all mandatory annual filings are completed and your bank account is officially closed before submitting Form 24 to the Registrar.
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