What Is the LLP Annual Compliance?
-After incorporation of the LLP you need to compliance each year else government will impose the penalty and your LLP legal entity name can be strike off
*What are the compliance?
Form 11
-Annual Return- It contains the details of all the partner, their contribution towards the LLP, etc
*Due date of filing this form?
-Form -11 should be filed within 60 days of the end of financial year. i.e. on or before 30th march every year
*Who shall sign the form?
Digitally signed by one of the designated partner of the LLP contribution exceeds – 50 Cr –CA/CS Digital Signature
*What are the documents required to File LLP Form?
-Basic details like total obligation of contribution, total contribution received by partners of LLP, summary of designated partner and partners etc
*What are the penalty charges if not file form 11 on time?
-100/-INR Per day are the charges
Form-8
*Statement of Account and Solvency
-It consists of information related to the statement of assets of the LLP and liabilities and statement of income and expenditure of the LLP
*What are the due date of filing of this form?
Form should be filed within 30 days from the end of 6 monthd of the end financial year. i.e. by 30th October of each financial year.
*Who shall sign the form?
Designated partner must sign the form digitally . Further , it must be certified by a Charted Accountant , auditor or t ha accountant of the LLp.
*How many partners are in this Form?
There are two partner in Form 8. They are
-Part A – Statement of Solvency
-Part B – Statement of Accounts , statement of income & expenditure
*Penalty – 100/-INR Per day if not filed till the 30th oct.