"The Limited Liability Partnership (LLP) Act of 2008 governs the operations of LLPs through the Registrar of Companies (ROC). At the end of each financial year, the designated partners are responsible for preparing the LLP's financial statements and filing its Income Tax Return and Annual Return with the ROC.
Failure to comply with these yearly filing requirements can result in heavy fines and penalties. The due date for filing the ROC Annual Return depends on the date of incorporation of the LLP.
Our Expert team of professionals at SureTax Fincare will provide efficient and stressless annual filing services for limited liability partnerships (LLPs)."
Sl. No | Particulars | Details | |||||
1 | LLP Form 11 – Annual Return | LLP Form 11 is the Annual Return for a Limited Liability Partnership (LLP), which must be submitted electronically to the Ministry of Corporate Affairs each year to maintain compliance and avoid penalties. It is essential to ensure that the information provided in the form is accurate, as there is no opportunity to resubmit the LLP Form 11 Annual Return. | |||||
2 | Details & Document Required to File LLP Form 11 | Sl.No | The following information and documents are required for filing LLP Annual Return: | ||||
1 | LLP Identification Number | ||||||
2 | Name of the LLP | ||||||
3 | Total contribution received by all partners of the LLP | ||||||
4 | Total obligation of contribution of partners of the LLP | ||||||
5 | Details of Designated Partners and Partners of the LLP | ||||||
6 | Summary of Designated Partners and Partners | ||||||
7 | Principal business activities of the LLP | ||||||
8 | Business Classification of the LLP (Business, Profession, Service, Occupation, Others) | ||||||
9 | Registered office address of the LLP | ||||||
10 | Particulars of penalties imposed on the LLP, if any | ||||||
11 | Particulars of compounding offenses, if any | ||||||
12 | It is mandatory to attach this detail in case any Partner/Designated Partner is a partner in any LLP and/or Director in any company | ||||||
3 | Form 11 Due Date | The deadline for submitting LLP Annual Return Form 11 is 60 days after the end of the financial year, which is on March 31st for all limited liability partnerships (LLPs). As a result, the form is due on May 31st of each year. | |||||
Normal Filing Fees | Contribution in the LLP | Fees | |||||
Up to Rs. 1 Lakh | Rs. 50 | ||||||
More than Rs. 1 Lakh but Less than Rs. 5 Lakh | Rs. 100 | ||||||
More than Rs. 5 Lakh but Less than Rs. 10 Lakh | Rs. 150 | ||||||
More than Rs. 10 Lakh but Less than Rs. 25 Lakh | Rs. 200 | ||||||
More than Rs. 25 Lakh but Less than Rs. 100 Lakh | Rs. 400 | ||||||
More than Rs. 100 Lakh | Rs. 600 | ||||||
4 | Late Filing Penalty for Form 11 | Failing to file the LLP Form 11 Annual Return by the due date of May 31st can result in a daily penalty of Rs.100, with no upper limit. This means the amount will continue to grow as long as the non-compliance persists. To avoid excessive fines, it is crucial to submit the form on time. | |||||
5 | Signing of LLP Form 11 | The LLP Form 11 must be signed by: | |||||
A) Two designated partners using digital signatures. For LLPs whose total obligation of contribution of partners exceeds Rs. 50 lakhs or whose turnover exceeds Rs. 5 crores, the form must be further certified by a Company Secretary in full-time practice. | |||||||
B) On the other hand, if the total obligation of contribution of partners is less than Rs. 50 lakhs and the turnover is less than Rs. 5 crores, the form can be certified by a designated partner of the LLP. | |||||||
