LEGAL COMPLIANCES OF LIMITED LIABILITY PARTNERSHIP (LLP)

COMPLIANCES REQUIRED TO BE MADE BY PARTNERS OF AN LLP: AN OVERVIEW

 

S. NO.COMPLIANCES REQUIREMENTDUE

DATE / WHEN DOES THE REQUIREMENT ARISES

DESCRIPTIONFORMS/FILING MODE
1.Filing of Annual ReturnWithin 60 days of closure of financial year i.e. has to be filed on or before 30th May every year.It contains details of the number of partners, total contribution received by all partners, details of body corporate as partners and summary of partners.Form 11
2.Statement of Account & Solvencyon or before 30th October every yearDeclaration on the state of solvency of the LLP and information related to statement of assets and liabilities and statement of income and expenditure of the LLP.Form 8
3.Intimation of initial LLP AgreementWithin 30 days of date of incorporation of LLPAgreement executed between the partners of LLP is required to be filed to ROCForm 3
4.Change in latest LLP agreement executedWithin 30 days of such change of such agreementIf the latest Agreement excuted by the partners of LLP is revisedForm 3
5.        Change in LLP agreement due to appointment or cessation of Designated Partner/ PartnerWithin 30 days of such change of such agreementIf any Designated Partner/ Partner is appointed or cessatedForm 3

and

Form 4

6.        Intimation of change in particulars of Director to be given to the Central GovernmentWithin 30 days of such changeIf any personal details of Designated Partner/Partner is changedDIR-6
7.        Notice for change of place of registered officeWithin 30 days of such changeIf Registered office place of the LLP is changedForm 15
8.First time KYC of Designated PartnerUpto30th April of the immediate next financial yearEvery Person Holding DIN Must Get His KYC Updated with MCAE-Form DIR – 3 KYC(E-form)
9.Subsequent KYC of DirectorUpto30th April of the immediate next financial yearEvery Person Holding DIN Must Get His KYC Updated with MCAWeb Form DIR – 3 KYC (Web Based form)
10.Audit of Books of AccountsUpto30th September of every financial yearLLPs are required to have its accounts audited by a practicing Chartered Accountant if its annual turnover, in any financial year exceeds Rs.40 lakhs or its contribution exceeds Rs.25 lakhsNA

 

 

 

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