Rath Sahay LLP, a limited liability partnership is not carrying on any business or operation for a period of one year. The LLP wants to make an application for the purpose of suo moto striking off its name. The solicitor
CS Executive · Setting up of Business Entities and Closure · PYQS · June 2024
Rath Sahay LLP, a limited liability partnership is not carrying on any business or operation for a period of one year. The LLP wants to make an application for the purpose of suo moto striking off its name. The solicitor informed the LLP that an affidavit signed by the designated partners is required to be submitted to the Registrar of Companies for striking off the name of the LLP. Describe the contents of affidavit to be submitted by the designated partners of LLP for striking off the name of LLP.
Answer & Explanation:
All the Designated Partners of the LLP must execute an affidavit, either jointly or severally, along with the application for striking of the name of the LLP, to the effect, - that the Limited Liability Partnership has not commenced business or where it commenced business, it ceased to carry on such business from (dd/mm/yyyy); that the limited liability partnership has no liabilities and indemnifying any liability that may arise even after striking off its name from the Register; that the Limited Liability Partnership has not opened any Bank Account and where it had opened, the said bank account has since been closed together with certificate(s) or statement from the respective bank demonstrating closure of Bank Account; that the Limited Liability Partnership has not filed any Income tax return where it has not carried on any business since its incorporation, if applicable. The above are the contents of affidavit to be submitted by the designated partners of Rath Sahay LLP for striking off the name of LLP.
Topics: Limited Liability Partnership (LLP)
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