Annual Compliances for Limited Liability Partnership
Simplified Compliance - Only Form-8 and Form-11 filings required annually under LLP Act 2008
Conditional Audit - Audit required only if contribution exceeds ₹25 lakhs or turnover exceeds ₹40 lakhs
Avoid Penalties - Timely filing prevents Rs.100/day additional fees and partner KYC penalties
Maintain Active Status - Regular filings prevent dormant classification by ROC
Annual Compliance for Limited Liability Partnership
Don’t Risk Penalties – Fill Out the Form and Stay Compliant with Ease!
Limited Liability Partnership’s Annual Compliance An Overview
As per Limited Liability Partnership Act, 2008, every LLP has to annually file Statement of Account & Solvency and Annual Return with the Registrar of Companies.
Every Partner of an LLP who holds a DIN is required to complete their KYC and file the relevant e-form annually to avoid penalties.
LLPs are exempted from audit unless their contribution exceeds ₹25 lakhs or turnover exceeds ₹40 lakhs in the preceding financial year. The audit ensures that the Financial Statements present a true and fair view of the LLP’s financial position.
In Addition to the compliance under Limited Liability Partnership Act, 2008 - LLP’s must file Income Tax Return with the Income Tax department for each financial year.
Advantages of LLP’s Annual compliance
Credibility and Transparency
The LLP provides clear and accurate information about its performance, which helps build trust, gain credibility and promotes transparency with investors, customers, stakeholders and government authorities.
Maintain Active Status
If a LLP fails to file Statement of Account & Solvency (Form-8) and Annual Return (Form-11), ROC may classify the company's status as “inactive” or “dormant”.
Avoidance of Penalties
Every LLP must ensure compliance with completing Partners KYC (DIR-3 KYC or Web KYC), filing of Statement of Account & Solvency (Form-8) and Annual Return (Form-11). Timely compliance helps avoid hefty penalties.
Better Financial Management and Attracts Investment
Regular compliance ensures that the LLPs financial records are up to date, helping in better decision-making and financial planning. LLPs with strong compliance records are more attractive to investors.
Documents required for annual compliance
- Certificate of Incorporation
- Limited Liability Agreement
- Duly signed Financial Statement and in case where audit is required Duly signed Audited Financial Statements and Audit Report
- Digital Signature of ALL Designated Partners
Due date for Partners KYC for FY 23-24
- Every Partner or Designated Partner holding a DIN must complete the KYC (Know Your Customer) process annually by filing Form DIR-3 KYC or Web KYC.
- This ensures that the Partner’s or Designated Partner’s details, such as address, email, and contact information, are updated with the Ministry of Corporate Affairs (MCA).
If the Partner or Designated Partner fails to file Form DIR-3KYC or Web KYC before the due date, he will be liable for a penalty of Rs.4,999/-.Annual compliance for FY 23-24
LLP incorporated
on or before 30th September 2023
They are required to file their Statement of Account & Solvency (Form-8) and Annual Return (Form-11) before the due dates mentioned below.
LLP incorporated
on or after 01st October 2023
They can prepare their financial statements for 18 months and file their Statement of Account & Solvency (Form-8) and Annual Return (Form-11) next year.
Information about Form-11
- Every Limited Liability Partnership (LLP) registered under the Act, shall file its Annual Return in Form-11.
- Every LLP would be required to file an Annual Return in Form 11 with ROC within 60 days of the end of the financial year. The annual return will be available for public inspection on payment of prescribed fees to the Registrar.
- It contains the details like number of the Partners, Designated Partners or Body Corporate, their contribution, change in the Partner during a year, details of penalty, and other statutory details.
- Form shall be signed by Designated Partners and if the turnover or contribution exceeds the prescribed limit then shall be certified by the Professional.
Information about Form-8
- Every Limited Liability Partnership (LLP) registered under the Act, shall file its Statement of Accounts and Solvency in Form-8.
- Every LLP would be required to file an Statement of Accounts and Solvency in Form-8 with ROC within 30 days from the end of 6 months of the financial year.
- Form-8 contents declaration of Solvency and Statement of Accounts and financial position of the LLP.
- If the contribution exceeds Rs. 25 lakhs or turnover exceeds Rs. 40 lakhs the form must be certified by the Practicing Chartered Accountant, Cost Accountant, or Company Secretary.
- The form shall be signed by two Designated Partners of LLP.
- Duly signed Audited Financial Statements shall be attached to the Form-8.
Due date for companies Incorporated on or after 1st January, 2023 to 31st December, 2023
Process of Annual compliances
Step- 1: Financial Statements and Audit Requirements for LLP
When the financial year ends, every LLP must prepare its Financial Statements. LLPs with a partner’s contribution exceeding ₹25 lakhs or a turnover exceeding ₹40 lakhs are required to have their accounts audited by a certified Auditor. However, even if an LLP does not meet these thresholds, the Partners can still choose to get the accounts audited voluntarily.
Step- 2: Income Tax Return Filing for LLP
Every LLP is required to file an Income Tax Return (ITR) to assess its tax liability and pay taxes to the Government of India. Even if an LLP has zero tax liability, it must still file its ITR by 31st July of the relevant assessment year. If the LLP is required to undergo a mandatory audit, the date for filing the ITR is 30th September.
Step- 3: Annual ROC Filings for LLP
Every LLP must file an Annual Return in Form 11 with the Registrar of Companies (ROC) within 60 days from the end of the financial year.LLPs must also file a Statement of Accounts and Solvency in Form 8 with the ROC within 30 days after the end of 6 months from the financial year.This entire process ensures compliance with the legal obligations under the Limited Liability Act, 2008, and promotes transparency and accountability in the company’s financial reporting.
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Penalty for non-filing of Form-8 and Form-11
In case the LLP is unable to file Form 8 and Form 11 before the due date, they will be liable for an additional fee of Rs.100/- per day till the date of filing.
Bhagyashree Katkar Author Compliance Officer at 
Bhagyashree Katkar is a Compliance Officer at Filesure India Private Limited with over 2.5 years of experience in Corporate Compliance and 21 months in Indirect Tax. An LLB graduate, she specializes in the Companies Act, 2013, Trade Mark, and NCLT matters. Bhagyashree has been involved in secretarial audits for MNCs and conducted due diligence for various companies. Currently, she manages compliance for multiple clients at Filesure.