By Declaring the LLP as Defunct or Fast Track Exit Mode
Where the Parties to an LLP wishes to close down its business or where the LLP is not carrying on any business for a period of more than one year, they can make an application to the Registrar for declaring the LLP as defunct and removing the name of the LLP from its register of LLP’s. This can be done through filing of e-form 24.
On the other hand, the ROC has the power to strike off any defunct LLP. In such a case, a notice will be served on LLP asking to make representation within one month from the date of service of notice. On non-receipt of reply, the ROC may strike off the name of LLP.