Glory Technology LLP is not carrying on any business for a period of two years desirous of striking off its name from the register of Limited Liability Partnership maintained by Registrar of Companies. Whether LLP is all

CS Executive · Setting up of Business Entities and Closure · PYQS · June 2019
Glory Technology LLP is not carrying on any business for a period of two years desirous of striking off its name from the register of Limited Liability Partnership maintained by Registrar of Companies. Whether LLP is allowed to do so ? Examine.

Answer & Explanation:

Yes, as per the provisions of Rule 37 of Limited Liability Partnership Act, 2009, in case of an existing LLP which is not carrying on any business or operation for a period of one year or more, it can make an application in Form 24 to the Registrar, with the consent of all partners of the Limited Liability Partnership for striking off its name from the register. Similarly, where the Registrar has reasonable cause to believe that a Limited Liability Partnership is not carrying on business or operation, in accordance with the provisions of this Act for a period of two years or more, the name of Limited Liability Partnership may be struck off from the register of Limited Liability Partnership maintained by Registrar of Companies by taking Suo Moto action for striking off the name of LLP. However, before striking off the name of the LLP, the Registrar shall give reasonable opportunity of being heard.

Topics: Limited Liability Partnership Act, 2008

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