COMPLIANCES REQUIRED TO BE MADE BY PARTNERS OF AN LLP: AN OVERVIEW
| S. NO. | COMPLIANCES REQUIREMENT | DUE
DATE / WHEN DOES THE REQUIREMENT ARISES |
DESCRIPTION | FORMS/FILING MODE |
| 1. | Filing of Annual Return | Within 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 & Solvency | on or before 30th October every year | Declaration 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 Agreement | Within 30 days of date of incorporation of LLP | Agreement executed between the partners of LLP is required to be filed to ROC | Form 3 |
| 4. | Change in latest LLP agreement executed | Within 30 days of such change of such agreement | If the latest Agreement excuted by the partners of LLP is revised | Form 3 |
| 5. | Change in LLP agreement due to appointment or cessation of Designated Partner/ Partner | Within 30 days of such change of such agreement | If any Designated Partner/ Partner is appointed or cessated | Form 3
and Form 4 |
| 6. | Intimation of change in particulars of Director to be given to the Central Government | Within 30 days of such change | If any personal details of Designated Partner/Partner is changed | DIR-6 |
| 7. | Notice for change of place of registered office | Within 30 days of such change | If Registered office place of the LLP is changed | Form 15 |
| 8. | First time KYC of Designated Partner | Upto30th April of the immediate next financial year | Every Person Holding DIN Must Get His KYC Updated with MCA | E-Form DIR – 3 KYC(E-form) |
| 9. | Subsequent KYC of Director | Upto30th April of the immediate next financial year | Every Person Holding DIN Must Get His KYC Updated with MCA | Web Form DIR – 3 KYC (Web Based form) |
| 10. | Audit of Books of Accounts | Upto30th September of every financial year | LLPs 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 lakhs | NA |
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