Limited Liability Partnership – Annual Compliances
| Head | Section | Compliance | Penalty for Non Compliance |
| Statement of Accounts & Solvency |
34(2) | The LLP shall with in a period of 6 months from the end of every financial year prepare and file a Statement of Account and Solvency with the Registrar in eForm # 8. |
The LLP shall be punishable with fine which shall not be less than Rs 25,000 but which may extend to Rs 5,00,000 and every designated partner of such LLP shall be punishable with fine which shall not be less than Rs 10,000 & may extend to Rs 1,00,000 |
| Annual Return | 35(1) | The LLP to file an Annual Return to the Registrar of Companies within 60 days of closure of the financial year in eForm # 11. |
The LLP shall be punishable with fine which shall not be less than Rs 25,000 & may extend to Rs 5,00,000 and every designated partner of such LLP shall be punishable with fine which shall not be less than Rs 10,000 & may extend to Rs 1,00,000 |
Notes:
1) Every LLP has to file eForm 11 within 60 days from the date of closure of financial year
without any additional fee and later it attracts additional fees @ Rs. 100/- per day of delay.
2) Financial year in relation to LLP means the period from the 1st day of April of a year to the 31st day of the March of the following year.
Provided that in case of LLP incorporated after the 30th day of September of a year, the financail year may end on the 31st
day of March of the year next following that year.