There are various types of companies under the company registration act in India. Different categories of companies
have to follow different types of rules and compliance to run their business. LLP or Limited Legal Partnership is a type
of company that needs to fulfill the basic regulations and compliance annually. As per the LLP act of 2008, the LLP
that did not maintain their annual complaints will go to face some legal actions against them. Form 11 can be filed by
an LLP to file their annual return within 60 days of the end of the financial year. In addition to that, LLPs also need to
maintain double-entry system-based accounts and file the same in Form 8 within 30 days after the first six months of
a current financial year. This can be done with the Registrar of Companies.
Each financial year, the LLPs that are registered under the Ministry of Corporate Affairs, require to file statements of
accounts, and annual returns. The LLPs are under legal compulsion to file returns. It does not matter if they have any
business activity or production for that financial year, laws mandate them to file their returns. Three compulsory
return compliances need to follow by LLPs include –
Annual Return Filing
Income Tax Return Filing
Statement of the Accounts or Financial Statements Filing
1. Ensure Higher Credibility
Compliances are an integral part and the primary requirement for any business. The MCA portal makes the
master data of any LLP visible to all. Maintaining compliance can help LLPs to get a loan and other similar
needs easily.
2. Record of Financial Worth
All the LLP compliance and records work in the favor of the company. The recorded data provides a correct
vision to the individual or any investor to check the financial worth of the company.
3. Manage Active Status and Avoid Penalties
Managing compliance regularly can help the business in enhancing its value and avoid penalties that can be
arises if someone does not properly file their returns.
Documents Required
1. Selection of Package
Legal24by7 offer various service packages at affordable pricing. You need to choose a package of your choice
and fill out the needed forms or connect with our experts for further assistance.
2. Collection of Details and Documents
Once after selecting a package, the experts of the team will consolidate the documents and required details
and decide the due date for filing the returns.
3. Draft Preparation
The professional team of legal24by7 will draft the important documents for the process.
4. Return Submission
Form 11 of Annual Return and Form 8 of Statement of Accounts and Solvency will be submitted by the
professionals through online mode. The team will share the acknowledgment with you.
Legal24by7 is here to make everything easy for you. If you have any doubts about how to start with the procedure,
we are here to resolve this confusion for you. We will enlighten you about what are the different criteria you must
fulfill & what is the best possible way you can do everything smoothly. For convenient Annual Compliances of LLP,
we have a team of highly skilled professionals and a large network of people who can assist you with every service
that you will need.
30 th October of every financial year is the appropriate date for filing Form 8 of LLP.
Only the newly incorporated LLPs are excluded from this category.
