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LLP strike off

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Shubham Deshpande

50 Points Posted on 17 July 2021

1) The LLP is inoperative since incorporation (due to covid it cannot sustain),even they didn't open a bank account .
At the time of strike off Bank account closure certificate is required .
so what should we do ?
shall we open a bank account and close again ?

2) The contribution of LLP is 10,000, are we required to open a bank account and deposit the amount in it ?

Replies (7)

Quick Summary

This discussion addresses the process of striking off a Limited Liability Partnership (LLP), particularly when a bank account has never been opened. It clarifies that if no bank account was ever established, an affidavit confirming this can be used instead of a closure certificate. The advice also indicates that depositing the initial capital contribution may not be strictly necessary for strike-off if the LLP has remained inoperative since incorporation.

Balamurali Unnithan MS

STUDENT

1120 Points Posted on 17 July 2021

Yes, After incorporation, the partners must contribute their shares mentioned in the deed to the Companies Current Account & Intimate to MCA.

So, In your case, you 1st Start a Bank Current Account in the Name of the Company, then invest the capital.

Then intimate MCA, After approval from the same.

You can give strike-off -Application.

Simply means -You don't have any pending application with MCA till wind up.

Shubham Deshpande

50 Points Posted on 17 July 2021

Thank you for your prompt reply .
I have a doubt , how can we communicate the capital contribution to MCA ?
In case of company we can file form INC -20 A but what about llp ?