Please explain me the procedure for closing an llp

Sandeep (NA) (56 Points)

05 December 2012  

I incorporated an LLP in December 2011, but I would like to close it(and would continue as a simple Sole Proprietorship). I go to know I have to file eForm 24 but can any one please help me understand all the following terms listed below as it is mentioned in the form to be filled.

 

  • Copy of detailed application 
  • Copy of authority to make the application 
  • Copy of consent of all partners
  • Copy of consent of all creditors 
  • Copy of the undertaking/ indemnity bond for striking off name
  • Copy of statement of assets and liabilities duly certified as true and correct by auditor/chartered accountant in practice
  • Copy of acknowledgement of latest Income tax return

P.S. : I'd like to mention that my LLP deosn't have any creditor(s)(we were self funded) and are yet to file the Annual return and accounts solvency etc. as the LLP is still less than 1 year.