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LLP (Limited Liability Partnership) can wind up through two ways either by court or volunteer. In section 29 of LLP Act 2017 mentioned that only two possible ways to quit partners from LLP.
Section 31 of LLP describe the procedure for winding up on volunteer basis.
The Federal Governments shall make rulesinrelationtowindingupanddissolutionoflimitedliabilitypartnershipsorthrough
notification in the official Gazette direct that any provisions of the Ordinance specified in such notification shall apply to any winding up and dissolution proceedings of limited liability partnerships with such exception, modification and adaptation as may be specified in the notification.
(2) In all other respects, the provisions of this Act shall apply to the procedure for winding up
In LLP Regulations 2018, only striking off by the registrar is mentioned. There is no regulations defined yet how to wind up voluntarily.
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