LLP ROC Filing Due Date (Check Out)
Don’t miss the LLP ROC filing due date! Learn about Annual Returns, Financial Statements, and compliance requirements to avoid penalties and maintain transparency. Are you a Limited Liability Partnership (LLP) partner?
Then, you must understand the significance of timely compliance with the legal obligations for filing Annual Returns and Financial Statements. Skipping the LLP ROC filing deadline might result in severe penalties and repercussions.
This blog will explain the filing deadlines, penalties for non-compliance, and other compliance standards that LLPs must meet. Continue reading if you wish to avoid legal difficulties and maintain the transparency and accountability of your LLP.
Annual ROC Compliances for LLP
In India, LLPs must submit their annual return within 60 days of the conclusion of the applicable fiscal year in Form -11. As of the close of the first six-month period following the end of the relevant financial year, the Statement of Accounts & Solvency must be filed within 30 days in Form -8.
Every LLP must continue to follow the same financial year, which runs from April 1 to March 31 of the relevant year.
As a result, each financial year’s Statement of Accounts & Solvency is due on October 30, and the Annual Filing of LLP (ROC compliance of LLP) is due on May 30. Every LLP (Limited Liability Partner) must submit Forms 8 and 11 for each fiscal year’s MCA annual filing return/ROC compliance. You must submit your LLP annual file electronically on time.
Form 8 must be filed within 30 days from the end of six months of each financial year, along with the required fee, to maintain compliance with LLP. Two elected partners and a CA/CS/Cost Accountant must digitally sign the Form. Financials should also be audited and the auditor should also certify the form in case the total turnover of the LLP exceeds Rs. 40 lakhs or the partner’s obligation of contribution exceeds Rs. 25 lakh.
Form 8 has two divisions, however.
- The Statement of Solvency is in Part A.
- Statement of Accounts, Income & Spending Statement, and Part B
If this form is not submitted on time, additional fees will be charged depending on the period of delay.
|Contribution Amount (In INR)
|Additional Fee (for Small LLP)
|Additional Fee (for Other than small LLP)
|Up to 15 days
|1 time of normal filing fees
|1 time of normal filing fees
|More than 15 days and up to 30 days
|2 times of normal filing fees
|4 times of normal filing fees
|More than 30 days and up to 60 days
|4 times of normal filing fees
|8 times of normal filing fees
|More than 60 days and up to 90 days
|6 times of normal filing fees
|12 times of normal filing fees
|More than 90 days and up to 180 days
|10 times of normal filing fees
|20 times of normal filing fees
|More than 180 days and up to 360 days
|15 times of normal filing fees
|30 times of normal filing fees
|Beyond 360 days
|15 times of normal filing fees plus Rs.10 per day for everyday delay beyond 360 days
|30 times of normal filing fees plus Rs.20 per day for everyday delay beyond 360 days
Hence, make sure to attend the LLP annual filing deadline.
FORM 11 LLP
Form 11 which is the Annual Return of LLP must be submitted along with the required details within 60 days from the end of the financial year. The LLP’s annual filing deadline for Form 11 is May 30 each year.
The information to be submitted in Form 11 is listed below.
- Number of Designated Partners
- Number of Partners in Total
- The total contribution that all partners received
- Information on the Corporate Body as Partners
It is crucial to file an LLP annual return regularly to maintain ROC compliance of the LLP and avoid severe penalties for non-compliance.
Any LLP can only be closed once all yearly reports have been filed. LLPs are relieved to have less compliance to follow each fiscal year than Private Limited & OPC firms, which is a must. The penalties and punishments for LLPs are, nevertheless, very severe. Stakeholders will face severe fines if they skip the Roc compliance online.
A key point to remember is that Forms 11 and 8 are not necessary for the fiscal year ending in the relevant year if an LLP is registered on or after October 1 of any relevant year. Nonetheless, income tax returns are necessary and must be submitted.
Auditing their accounting records by a practicing Chartered Accountant or a firm is required for Limited Liability Partners whose contribution exceeds Rs. 25 lakhs and whose turnover exceeds Rs. 40 lakhs, as we have already discussed. The 30th of September of each fiscal year is the due date for such LLPs to file their annual tax returns with the ROC.
Things to keep in mind:
Form 3CEB must be filed by LLPs engaged in foreign transactions with affiliated businesses. This also holds for LLPs that have engaged in particular domestic transactions.
The deadline for tax filing for LLPs submitting this specific Form is November 30 of the applicable fiscal year. A chartered accountant who is currently in practice must certify the Form. The LLPs must submit Form ITR 5 with their individual Income Tax Returns.
What Are the ROC Compliance for LLP?
According to the Limited Liability Partnership Act of 2008 and the Companies Act of 2013, companies and LLPs in India must submit yearly reports. The filings with the ROC should be done annually in Form -11 and form-8.
LLP ROC Filing Due Date for FY 2022-23
Businesses and LLPs should exercise caution and comply with the regulations within the deadlines mentioned. Companies or LLPs will face severe penalties if they don’t adhere to the compliance rules. As a result, businesses and LLPs should be aware of the ROC compliance requirements that must be followed every year.
The due dates for LLP ROC Filing are as follows:
Form-11- 30th May 2023
Form- 8 – 30th October 2023
DIR-3KYC – 30th September 2023
FAQs: LLP ROC Filing Due Date
Is Form 11 Mandatory for LLP?
Yes, submitting a Form 11 is required for LLPs and must be done within the first sixty days after the close of the fiscal year.
Does LLP Require ROC Filing?
Indeed, limited liability partnerships are expected to submit documents to the Registrar of Companies (ROC), such as an Annual Report and Financial Statements.
What Is the Due Date to File Form 11 LLP?
May 30 of each fiscal year is the deadline for submitting Form 11 LLP.
What Is the Due Date to File Form 8 LLP?
30th October, i.e. within 30 days from the end of six months of each financial year.
In conclusion, the LLP ROC filing due date is an essential requirement every LLP must meet. The timely submission of these records avoids the penalty and contributes to the LLP’s economic openness and responsibility.
Form 11 filing is also required for LLPs, and it must be completed within 60 days after the end of the fiscal year. Non-compliance with these regulatory obligations may result in severe fines and legal repercussions for the LLP and its members.
Thus, it is strongly suggested that LLPs rigorously adhere to the filing deadlines for the ROC and other compliance standards to avoid unfavorable effects on their business operations. By meeting the ROC filing deadline, LLPs may demonstrate their adherence to the rules and regulations and earn the confidence of their stakeholders.
So this was all about the LLP Roc Filing due date, and in case of any queries regarding the same, feel free to contact our experts at Instafiling.
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