Starting a new LLP (Limited Liability Partnership) comes with a few legal
responsibilities, one of the most important being LLP Annual Return Filing. Even
if your LLP did not do any business during the year, filing annual returns is
still mandatory.
This article will help you to know more about the LLP annual return filing for
newly established LLPs.
What is LLP Annual Return Filing?
LLP Annual Return Filing is the process where an LLP submits details about its partners, business activities, and financial status to the government every year. It includes two main forms:
- Form 11: Annual return of LLP (due by 30th May)
- Form 8: Statement of accounts & solvency (due by 30th October)
Key Points for New LLPs
- Even newly formed LLPs must file returns in the first financial year.
- If your LLP is incorporated between 1st October and 31st March, you may file returns in the next financial year, but check the exact date of incorporation for confirmation.
- LLPs must maintain proper books of accounts, even with zero transactions.
Checklist Before Filing
- LLP Agreement and any amendments
- Details of partners and capital contribution
- Financial statements
- DSC (Digital Signature Certificate) of designated partners
Conclusion
For newly registered LLPs, understanding and meeting ROC compliance is crucial.
LLP Annual Return Filing makes sure your business stays active and penalty-free.
Even if your LLP hasn’t started operations, file on time to avoid future
complications. This helps maintain compliance with the Ministry of Corporate
Affairs (MCA) and avoid penalties.
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