Notice Regarding Closure of Business (India) by OLL
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Regarding Closure Of Business
Before the ………………………………...
Affidavit of Mr. ………………………………………….,
aged about …………………………………………………. years
S/o Mr. …………………………………………..………………
Resi__________________________________________ _________________.
I, the abovenamed deponent solemnly affirm and state as under:
1. That the deponent is the partner of the firm M/s _______________________, situated at ____________________________________, and hence is fully conversant of the facts deposed below.
2. That in the firm there are three partners including the deponent.
3. That one of the partners named PS has shown his intention to retire from the firm on __________.
4. That for reconstitution of the firm the deponent has no alternative but to close the firm .
5. That the deponent is therefore, closing the business with effect from ___________.
Deponent
VERIFICATION
I, ……………………………………….…… do hereby verify that the contents of this affidavit from paras 1 to 5 are true to the best of my knowledge and belief. Nothing material has been concealed.
Dated……………. Deponent
This document is a formal affidavit used to declare the closure of a business partnership. It serves as a sworn statement by a partner explaining that the firm is being dissolved or closed following the retirement of a partner.
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About this template
What is this template?
This document is a sworn affidavit for the closure of a partnership business in India. It is not a dissolution deed or a statutory filing form for the Registrar of Firms, but rather a supporting declaration of facts regarding the intent to shut down. It contains a specific verification clause and a narrative of partner retirement leading to the closure.
When should you use it?
Use this document when a partner needs to provide a sworn statement to a government body or bank regarding the closure of a firm. Use a Partnership Dissolution Deed instead if you need to formally agree on the distribution of assets and liabilities between all partners.
What's inside
| Clause | Name | What it does |
|---|---|---|
| 1 | Partner Status | Confirms the deponent is a partner of the named firm and is conversant with the facts of the business closure. |
| 2 | Partnership Composition | States that the firm consists of exactly three partners including the deponent. |
| 3 | Notice of Retirement | Records that a specific partner intends to retire from the firm on a stated date. |
| 4 | Intent to Close | Declares that the deponent has no alternative but to close the firm to facilitate its reconstitution. |
| 5 | Effective Date | Specifies the exact date from which the business operations will officially cease. |
Who it's for
- a partner in an Indian firm documenting the formal closure of business operations
- a partnership firm in India needing an affidavit to evidence dissolution due to partner retirement
How long it runs and how it's signed
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