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Commentary

IN2.10 Closing a business

India

Business structureClosure procedure permitted by
Sole proprietaryThere is no specific authority to apply to for closure of the business apart from settling all liabilities, taxes and applying for cancellation of statutory registrations obtained.
Partnership firmThe partners must submit a signed dissolution deed to the Registrar of Firms for closing the firm apart from settling all liabilities, taxes and applying for cancellation of statutory registrations obtained.
Limited liability partnership (LLP)A LLP may be wound-up by:
- declaring

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