Last Date of ROC Filing for LLP Form 11 (Annual Return) is May 30, 2016.
LLP is required to file LLP Form 8 (Statement of Account & Solvency) and LLP Form 11 (Annual Return) annually:
- The ‘Annual Return’ is required to be filed within 60 days of close of the financial year (Action to be taken immediately).
- The ‘Statement of Accounts & Solvency’ shall be filed within 30 days from the end of six months of the financial year to which it relates (Action to be taken after September 30). Every LLP has to maintain uniform financial year ending on 31st March of a year.
Actions to be taken (immediately) for LLP Form 11:
- Information Required to file with LLP Form 11 is Details of LLP and/ or company in which partner/ designated partner is a director/ partneras on date.
- Digital Signatures of Designated Partners to file the Form.
- The return need to be filed mandatorily, irrespective of whether the LLP has done business or not or whether it has made profits or not.
- LLPs formed (whose certificate of incorporation issue date is) on or before 30th September 2014 have to file for return.
Actions to be taken (after September 30) for LLP Form 8:
- Documents Required to file with LLP Form 8 is Financials (Balance Sheet and Profit & Loss Account) for the FY ended on 31st March, 2016
- Digital Signatures of Designated Partners to file the Form.
- The return need to be filed mandatorily, irrespective of whether the LLP has done business or not or whether it has made profits or not.
- LLPs formed (whose certificate of incorporation issue date is) on or before 30th September 2014 have to file for return.
Penalties-
- Rs. 100 per day (unlimited/no upper limit) till the default is made good.
- Even if you plan to close your LLP in near future, remember, to close your LLP too you would require making good the compliance first.
Prevention is better than cure, and compliance is the best prevention.