Mandatory Annual Filings Applicable to Your LLP Starts from ₹ 5000/- Plus Government Expenses as per Actual

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Ever Registered LLP has to do mandatory Annual Compliance’s as Applicable to them. These Compliance’s means Ministry of Corporate Affairs (ROC) Filings. On an average a LLP has to Mandatory file 4 Forms per year With Ministry of Corporate Affairs (ROC)

List of Compulsory Forms & Filings required to be done by :

Filing of Financial Statements in Form 8 :

After the end of Financial Year every LLP needs to inform the registrar of companies (ROC) about the Financials position of the LLP i.e. Balance Sheet and Profit and loss details in Form 8. This form needs to be filed with 30 days from the end of  6 months from the date of Closure of Financial Year i.e. Finaicail Year Closes on 31st March, it need to be filed by 30th October. Along with this form we need to file Signed copy of Balance Sheet and Profit and Loss Statement and Annexures etc. Financial Statement needs to be signed by  any 2 Designated Partner of the LLP.

What is the penalty for late filing of  FORM 8

In case of delay in filing the balance sheet/financial statement the following fees is applicable:

Period of Delay Additional fee payable
Delay beyond the period provided under the Act – Due dates to file form 8 (within 6 months from the Closure of Financial Year) Rupees 100 per day
Filing of Annual Return in Form 11

After the end of Financial Year every LLP needs to inform the registrar of companies (ROC) about The registered office, principal business activities. The Partners Profit Sharing ratio and Capital Contibution; Indebtedness of the LLP. and Such other matters as required in the form. This form needs to be filed within 60 days from the date of closure of Financial Year i.e. if Financial Year closes on 31st March it need to be filed by 30th May. Along with this form we need to file Declaration under MSME Act..

What is the penalty for late filing of FORM 11

In case of delay in filing the annual returns the following fees is applicable:

Period of Delay Additional fee payable
Delay beyond the period provided under the Act – Due dates to file form 11 (within 60 Days from the Closure of Financial Year) Rupees 100 per day
Filing of Designated Partner KYC in Form DIR-3 KYC

Every individual who has been allotted a Designated Partner Identification Number (DIN) as on 31st March of a financial year as per these rules shall, submit e-form DIR-3-KYC to the Central Government on or before 30th September of immediate next financial year. Every Designated Partner should provide unique mobile number and email ID which will be verified by an OTP (one-time password). Further, the eForm is required to be certified by a practising Chartered Accountant or Company Secretary, or Cost Accountant. for Filing Directors KYC we need  Pan, ID Proof, and Address Proof of DIN holder. If we dont file Designated Partner KYC then DIN will get blocked i.e. in active and for Re-activating we need to pay penalty for the same.

What is the penalty for non-filing of DIR 3 KYC

In case of delay in filing the Designated Partner KYC :

Period of Delay Additional fee payable
Delay beyond the period provided under the Act – Due dates to file DIR 3 KYC Rupees 5000

Frequently Asked Questions on Annual Compliance for LLP

What is the Meaning of Annual Filings ?
Every registered LLP irrespective of their business activity are mandatory required to file details and documents with ROC on an annual basis. These yearly filings are called as Annual Filings.
What is the penalty for non filing of the above forms ?

Rs. 100/- per day for Form 8 and Form 11 and for DIR 3 KYC Rs. 5000/-.

What is DSC ?

Digital signature is just like your hand signature in electronic form. It is used in submitting necessary filings with Government Authorities.

Who can sign Annual Filing forms ?

Annual Filing forms are required to be digitally signed by any 2 Designated Partners of the LLP. In some cases it is also required to be signed by Practicing Professionals.

What does Audited Financials Statement Mean ?

Audited financial statements means the Statements of Balance sheet and Profit and Loss are certified by Chartered Accountant and Signed by Designated Partners of LLP.

Whether the Annual Compliance Process is Online ?

Yes. The Process of Annual Filing Compliances is Completely Online You Don't Need to Visit any Government Office for same.

Whether Audit of Financials Statement is Compulsory ?

The audited books of accounts are not applicable to LLP having turnover of the LLP less than ₹ 40 Lakh and Total contribution of Partners is less than ₹ 25 Lakh.

If any of above conditions are not fulfilled then Audit Needs to be Done.

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