Annual filling for LLP
- Art Teacher
- London, UK
- 5-7 Hrs
Running a Limited Liability Partnership (LLP) in India offers operational flexibility, but it also requires strict compliance with annual filing obligations under the Ministry of Corporate Affairs (MCA). Every LLP, whether actively operating, having minimal transactions, or no business activity at all, must complete annual filings to maintain its legal status. Annual filing ensures that the LLP’s financial and ownership details are updated in government records, promoting transparency and safeguarding partners from legal complications. The two key filings for LLPs are Form 11 (Annual Return) and Form 8 (Statement of Account & Solvency), both of which are mandatory every year to keep the LLP compliant and in good standing.
- LLP Agreement and amendments (if any)
- Certificate of Incorporation
- Details of partners and changes during the year
- Statement of Account & Solvency signed by partners
- Annual Return details (Form 11)
- Proof of contributions by partners
- Bank statements for the financial year
- Details of secured loans or borrowings (if any)
- Income Tax Return acknowledgment of the LLP
- Digital Signature Certificates (DSC) of designated partners
- Prepare Annual Return (Form 11)
- Prepare Statement of Account & Solvency (Form 8)
- Get Partner Signatures
- File Forms with MCA
- File Income Tax Return
- Maintain Records
Annual filing is mandatory for all LLPs in India, including those with no business activity; NIL returns must be filed even if there are no transactions.
Within 60 days from the end of the financial year (by 30th May).
Within 30 days from 6 months after the financial year-end (by 30th October).
Certain certifications in Form 8 require attestation by a practicing professional.
LLP annual forms (Form 8, Form 11) cannot be revised once submitted; errors can lead to the requirement of compounding or adjudication with the ROC.
Non-filing of annual forms restricts voluntary LLP closure; all pending filings and penalties must be cleared before the LLP can be struck off by ROC.