## Section 63 — Modes of Winding Up
The winding up of an LLP may be either:
- Voluntary, OR
- By Tribunal,
and an LLP, so wound up, may be dissolved.
## Section 64 — Circumstances in Which LLP May Be Wound Up by Tribunal
An LLP may be wound up by the Tribunal in the following situations:
1. Self-decision — The LLP itself decides that it may be wound up by the Tribunal (by passing a resolution).
2. Below minimum partners — The number of partners of the LLP is reduced below two for more than 6 months.
3. Acts against national interest — The LLP has acted against the interests of the sovereignty and integrity of India, security of the State, or public order.
4. Persistent default in filing — LLP has made default in filing with the RoC, the SAS and Annual Return for any 5 consecutive financial years.
5. Just and equitable — The Tribunal is of the opinion that it is just and equitable that the LLP be wound up.
### Memory Tip
Compare with Companies Act, 2013 Section 271 — grounds are very similar, but LLP-specific tweaks include:
- 6-month tolerance for partner deficiency (vs. members below minimum in Cos Act)
- 5-year filing default standard (vs. 2 years for company AR)