Annual filings for LLPs

  • Compliance
  • Secretarial Compliances

Contact Us Now!

ANNUAL FILING OF LLPS

Every Limited Liability Partnership registered under the LLP Act 2008, shall file form for annual return, and solvency of accounts at the end of every financial year. The ROC filing due date for Form-11 is 30th May of every financial year, and for Form-8 the ROC filing due date is 30th October of every financial year. Any Limited Liability Partnership needs to keep its annual compliance up to date to avoid any future disputes or disciplinary actions from any regulatory authority.

If annual turnover or contribution of any Limited Liability Partnership exceeds Rs.40 lacs or Rs.25 lacs then it has to get his financial records Audited. Apart from the MCA annual return, LLPs are required to file an income tax return every year.

Compliances

Annual Return

Annual Returns is an abstract of LLP’s Partners like whether there are any changes in the management of the LLP during the year. It is mandatory for an LLP to file an Annual Return to the Registrar of Companies within 60 days from the closure of the financial year, i.e., the Annual Returns should be filed on or before 30th May every year. An annual return of the Limited Liability is to be filed in Form 11.

Financial Statements of the LLP

Every LLP has to prepare its accounts to determine the profit-making capability of your Limited Liability Partnership. Every LLP has to close its accounts till the 31st March every year. All LLPs should maintain the Books of Accounts in Double Entry System and a Statement of Solvency (Accounts) has to be prepared every year ending on 31st March. Required Form needs to be filed with the Registrar of LLPs on or before 30th October every year. Such an annual financial statement is to be filed in Form 8.

Documents to be attached in Form 11

Details of LLP and/or company in which partner designated

Annexure I, if an object clause is described in Form FiLLP by way of an Annexure.

Statement of Solvency

SSI

Compliances based on Category

Audit Requirement under LLP Act:-

If annual turnover or contribution of any Limited Liability Partnership exceeds Rs.40 lacs or Rs.25 lacs, then it has to get his financial records Audited by a qualified Chartered Accountant. That means, all the statements are certified by the CA. Audit requirement under the Income Tax Act:

The audit of accounts is a mandatory requirement under the Income Tax Act when the annual turnover of LLP is more than Rs. 1 Crore.

Certifications from PCS:

In the case of Limited Liability Partnership with a turnover of more than Rs.5 Crores in a financial year or contribution is more than Rs. 50 Lacs, the annual return of such an LLP must be certified by a Company Secretary in Practice.

Frequently asked
questions

  • How can Regitimate help me with company registration?
    We assist in the entire company registration process, from choosing the right business structure to preparing and filing the necessary documents. Our experts will guide you through the process to ensure compliance with all relevant laws and regulations.
  • Are your services available to individuals and businesses of all sizes?
    Yes, we cater to both individuals and businesses, regardless of size. Our services are designed to meet the needs of startups, small and medium-sized enterprises (SMEs), and large corporations.
  • What compliance services does Regitimate provide?
    Regitimate helps your business stay compliant with various regulations and requirements, such as annual filings, licenses, permits, and more. We offer ongoing support to ensure your business operates within the legal framework.
  • Can Regitimate handle my tax filings?
    Yes, we offer tax filing services to individuals and businesses. Our tax experts will ensure accurate and timely filing to help you minimize your tax liability while remaining compliant with tax laws.
  • How does Regitimate assist with Intellectual Property (IP) services?
    Our IP services include trademark registration, patent filing, copyright protection, and IP strategy development. We help safeguard your intellectual property assets and provide legal guidance in case of infringement issues.
  • What types of legal documentation does Regitimate prepare?
    We can help you with a wide range of legal documentation, including MOU’s, Agreements & Wills. Our legal experts ensure that your documents are well-drafted and legally sound.
  • What property-related services does Regitimate offer?
    Our property-related services cover property transactions, lease, property registration & verification, Succession & Legal Heir Certificate.
  • How can I get started with Regitimate services?
    To get started, simply contact us through our enquiry form, email, or phone. Our team will assess your needs and guide you through the process of selecting and customizing the services that best suit your requirements.
  • Are your fees competitive, and do you offer customized service packages?
    We offer competitive pricing for our services, and we can create customized service packages tailored to your specific needs and budget. Contact us for a personalized quote.
  • Is Regitimate compliant with data protection and confidentiality standards?
    Yes, we take data protection and confidentiality seriously. We adhere to all relevant data protection laws and have strict confidentiality measures in place to safeguard your sensitive information.
  • How can I reach Regitimate's customer support for assistance?
    You can reach our customer support team by visiting our website's contact page, sending an email, or calling our dedicated customer support hotline.

GEt A Free
Consultation

TRUSTED COMPANIES

The driving force behind our success, each with a unique story of growth and achievement.

Speak With Our
Experts Today!

Book a Consultation