Limited Liability Partnership ROC Compliance
Limited liability partnership is legal entity formed under Limited Liability Partnership Act, 2008. Like every other Legal entity Limited liability partnership is required to maintain books of accounts and file the yearly compliances. The Two mandatory Compliances of Limited liability partnership includes Filling of Annual Return in Form 11 and Statement of Account and Solvency if Form 8 during the prescribed time
- Additional fee for Late filling not including
- Additional fee paid as per Additional fee rules
LIST OF DOCUMENTS FOR REGISTRATION
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PROCEDURE OF REGISTRATION
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Form 11: Annual Return
Form 8: Statement of Account and Solvency
FREQUENTLY ASKED QUESTIONS
Every LLP in India mandatory to file annual filling every year as per the Companies Act, 2013. The filling along with the Balance Sheet, P&L Account and other documents must be filed with MCA. The Annual Return is totally different from the income tax department and it’s governed by Ministry of Corporate Affairs.
Statement of Accounts and Solvency is a filing every year by all LLPs. Statement of Accounts and Solvency contains a declaration on the state of solvency of the LLP by the designated partners.
Yes, the LLP must file the Annual Return within 60 days of close of financial year. LLPs have to maintane a financial year that starts on April 1st and ends on March 31st, therefore the Annual return of a LLP is due on or before May 30th of each financial year.
Late filing or non-filing of LLP Annual Return or Statement of Accounts and Solvency before the due date will attract a penalty of Rs.100 for each day of default. Further, the LLP cannot be wound-up or closed without filing of the return and the penalty doesn’t have a ceiling. Therefore, it is best to file the Annual Return and Statement of Accounts & Solvency of a LLP in time to avoid heavy penalty.