Chapter XIII - Winding Up and Dissolution
Section 63
Section 63: Winding up and dissolution
An LLP may be wound up voluntarily or by the Tribunal and may then be dissolved.
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This article is for general information. Refer to the Limited Liability Partnership Act, 2008 official text for the official provisions. If you need professional advice for your situation, contact Bizeneed.
Statutory text
Bare law
The winding up of a limited liability partnership may be either voluntary or by the Tribunal and limited liability partnership, so wound up may be dissolved.
Introduction
This section states the two routes; the detailed conditions and procedures arise under the following sections and rules.
Key takeaways
Voluntary route
An LLP may be wound up voluntarily.
Tribunal route
An LLP may instead be wound up by the Tribunal.
Dissolution
An LLP so wound up may be dissolved.
Choose the route
Determine whether the proposal is voluntary or seeks a Tribunal order.
Apply detailed rules
Use the relevant winding-up rules and section 64 grounds where Tribunal winding up is sought.
Practical preparation
Identify the route: Determine whether winding up will be voluntary or by the Tribunal.
Check the rules: Find the procedure applicable to that route under the Act and winding-up rules.
Confirm dissolution: Record the legal step that dissolves the LLP after winding up.
Practical checklist
Do
- Determine whether the proposal is voluntary or seeks a Tribunal order.
- Use the relevant winding-up rules and section 64 grounds where Tribunal winding up is sought.
Avoid
- Do not apply this section without checking its stated conditions and any prescribed rules.
Illustrative example
Hypothetical: section 63 in practice
An LLP’s partners decide that its affairs should be brought to an end.
Identify the route
Determine whether winding up will be voluntary or by the Tribunal.
Check the rules
Find the procedure applicable to that route under the Act and winding-up rules.
Confirm dissolution
Record the legal step that dissolves the LLP after winding up.
Outcome
- Section 63 identifies the two winding-up routes and permits dissolution of an LLP so wound up.
Glossary
- Winding up and dissolution
- An LLP may be wound up voluntarily or by the Tribunal and may then be dissolved.
Frequently asked questions
What does section 63 address?
An LLP may be wound up voluntarily or by the Tribunal and may then be dissolved.
What should be checked in practice?
This section states the two routes; the detailed conditions and procedures arise under the following sections and rules.
Need help applying this provision to your situation?
Contact BizeneedLast updated 10 October 2026