Introduction

Running a Limited Liability Partnership (LLP) in India comes with several compliance liabilities. Whether you’ve lately completed your LLP Registration or are managing an established business, staying streamlined with the LLP compliance timetable and periodic forms is pivotal to avoid penalties and maintain your LLP’s active status.

In this guide, we’ll break down all the mandatory LLP filings, due dates, and penalties for delays, and also explain how Lawfinity can simplify Online LLP Registration and compliance operation for you.

MANDATORY ANNUAL FILINGS FOR LLP

Every LLP registered in India whether it is operational or not must file two essential annual forms with the Ministry of Corporate Affairs (MCA). These are:

1. Form 11 (Annual Return of LLP) – This form contains details about the partners, their contributions, and any changes in management during the year.

2. Form 8 (Statement of Accounts & Solvency) – This form includes financial details such as the Statement of Assets and Liabilities and a declaration of solvency.

Both these filings are mandatory for every LLP Registration to remain compliant under the Limited Liability Partnership Act, 2008.

LLP FORM 11 AND FORM 8 EXPLAINED

Form 11: Annual Return

Due Date: 30th May every year.
Details Included: Partner details, changes in contribution, and management updates.
Who Should File: All LLPs registered under Online LLP Registration, irrespective of turnover.

Form 8: Statement of Accounts and Solvency

Due Date: 30th October every year.
Details Included: Financial performance, assets, liabilities, and solvency declaration by designated partners.
Certification: Must be digitally signed by designated partners and certified by a practicing Chartered Accountant or Company Secretary.

Filing both Form 8 and Form 11 on time ensures transparency and financial discipline for your LLP Registration.

PENALTIES FOR NON-COMPLIANCE

Missing the due dates for LLP annual filings can attract heavy penalties under the LLP Act.

A penalty of Rs.100 per day is imposed for each form until the date of filing.
The penalty continues to accumulate with no upper limit.
Non-compliance may also lead to the LLP being marked as defaulter or inactive, and partners may face disqualification from future company registrations.

Hence, timely submission of LLP annual filings is critical for maintaining the legal status of your Online LLP Registration.

HOW LAWFINITY WILL HELP YOU

Lawfinity ensures your LLP Registration and compliance are seamless and stress-free. Here’s how we assist you:

End-to-End Compliance Support: From Online LLP Registration to annual filings, we handle every step digitally.
Timely Reminders: We notify you before every due date to prevent last-minute rushes.
Expert Assistance: Our professionals prepare and file Form 8 and Form 11 with accuracy.
Affordable Packages: Compliance filing plans designed to suit start-ups, freelancers, and growing businesses.

With Lawfinity, you can focus on business growth while we manage your LLP Registration and annual compliances efficiently.