Annual Compliance of Limited Liability Partnership (LLP) (Form 11)
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Deliverables
Form 11
Timeline
2-3 Days
(from receipt of all documents)
Annual Compliance of Limited Liability Partnership (LLP) (Form 11)
LLPs are required to file an annual return with the Ministry of Corporate Affairs for each financial year. This annual return is submitted using Form 11, and it provides essential information. This form gathers essential details about the LLP, including the total number of designated partners, comprehensive partner information, contributions received by partners, and a summary of all partners involved.
What are the prerequisites?
1. LLPIN (Limited Liability Partnership Identification number) allotted to the LLP is needed to pre-fill the basic data.
2. Declaration about contribution/sums received by all the partners of the LLP.
3. Payment of fees with respect to e-Form 4 (Notice of appointment, cessation, and change in designation of a designated partner or partner) and processing of e-form 4 should be completed (If applicable).
4. Get DSC of your designated partner ready!
Information & Document Required to File LLP Form 11
The following information and documents are required for filing LLP annual return:
1. LLP identification number
2. Name of the LLP
3. Registered office address of the LLP
4. Business classification of the LLP (Business, Profession, Service, Occupation, Others)
5. Principal business activities of the LLP
6. Details of designated partners and partners of the LLP
7. Total obligation of contribution of partners of the LLP
8. Total contribution received by all partners of the LLP
9. Particulars of penalties imposed on the LLP, if any
10. Particulars of compounding offenses, if any
11. Details of LLP and or company in which partner/designated partner are a director/partner (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)
Signing of LLP Form 11
The LLP Form 11 must be signed with the digital signatures of two designated partners. In case total obligation of contribution of partners of the LLP exceeds Rs. 50 lakhs or turnover of LLP exceeds Rs. 5 crores, then LLP Form 11 needs to be certified by a company secretary in whole time practice. In case total obligation of contribution of partners of the LLP does not exceed Rs. 50 lakhs and turnover of LLP does not exceed Rs. 5 crores, then LLP Form 11 must be certified by the designated partner of the LLP.
LLP Form 11 Due Date
LLP Form 11 is due within 60 days of financial year end. Since, all LLPs have 31st March as the closure of financial year, LLP annual return Form 11 is due on the 31st of May of each year.
Late Filing Penalty
If LLP Form 11 Annual Return is not filed on or before the due date of 31st May, then a penalty of Rs.100 per day until the non-compliance continues will be applicable. As there is no cap on the penalty, the amount would increase over time. Hence, it is important to file the on time to avoid heavy penalty.
LLP Form 11 Due Date
LLP Form 11 is due within 60 days of financial year end. Since, all LLPs have 31st March as the closure of financial year, LLP annual return Form 11 is due on the 31st of may of each year.
Download LLP Form 11
You can download LLP Form 11 and LLP help file from the following links:
https://www.mca.gov.in/content/mca/global/en/mca/llp-e-filling/Form-11.html
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Late Fees:
Penalty of Rs. 100 per day is chargeable till the date of filing.
