Closure of llp

PRAVESH RATHI (CHARTERED ACCOUNTANT) (54 Points)

09 July 2016  

Dear All Experts,

We had incorporated a LLP in 2012 & no annual compliance for the LLP i.e. Form 8 & Form 11 were filed since incorporation.Now we intend to wind up the LLP. After discussion with various professionals of our field we filed Form 8 & Form 11 for FY 2015-16 as we were told that for winding up of LLP atleast one year Form 8 & Form 11 were to be filed ( which we did , after payment of late fees).

After filing the above forms when we tried to upload Form 24 for winding up then the form showed showed Prescrutiny errors that Form 8 & Form 11 for FY 2013-14 & FY 2014-15 are not filed , please file the same.

Incase we file Form 8 & Form 11 for the above pending financial years then the additional fees comes out to be very huge.

My question for the above scenario is that incase all the compliances are to be completed then what is the use of Fast track exit scheme ? All of you are requested to please share your opinions.