Important LLP ROC Filing in India

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Important LLP ROC Filing in India
LLP i.e. Limited Liability Partnership was
introduced in the year of 2008 in India. This
business structure offers the benefits of both
private limited and partnership firm. All the
partners of an LLP have limited liability up to
the contributions they made. It is a separate
legal entity from its partners. But here comes
the responsibility also which is LLP ROC Filing.
Here we will tell you about the essential
compliances of an LLP.
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Benefits of LLP ROC Filing in India
Benefits of ROC of Company includes-

• Easy Lesser Compliance
• Enhanced Credibility
• Better Goodwill
• Avoidance of Penalties
• Easy Conversion Closure
• Proper Financial Track Record for LLPs

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LLP ROC Filing in India

• LLP Form 3 (LLP Agreement)

Basically, Form 3 is the LLP agreement which is
mandatory to file post incorporation. LLPs need
to file Form 3 with ROC i.e. Registrar of
Companies within 30 days from the date of
incorporation.
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LLP ROC Filing in India

• Filing Form 8 (Account and Solvency Statement)

Every LLP needs to file Form 8 that includes the
details of books of accounts statements of
solvency. LLPs need to file this form by October
30 of each year. This form should be signed by a
qualified chartered accountant or practicing
company secretary.

• Filing Form 11 (Annual Return)

LLPs must have to file form 11 which is an Annual
return. Basically, Form 11 is the summary of the
management activities of the LLP including number
of partners their names. You need to file this
form within 60 days from the end of the financial
year i.e. May 30th of every year.
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LLP ROC Filing in India

• Tax Audit

It is not mandatory for the LLPs to get their
accounts audited. LLPs required to audit their
book of accounts only in case if the contribution
of a partner exceeds Rs. 25 Lakhs or it has an
annual turnover of Rs. 40 Lakhs.

• Income Tax Return Filing

Income Tax Return Filing is mandatory for LLPs.
LLP have to file their Income Tax Return with ITR
5. The due date of ITR Filing for LLPs will be
July 31st (in case of no need of tax audit) or
October 31st, 2024 (in case tax audit is
required). The ITR of LLPs must be certified by a
qualified chartered accountant..
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LLP ROC Filing in India

• Filing Form DIR 3 KYC (Designated Partner KYC)

The designated directors of LLPs must have to
approve their DIN allotment via Form DIR 3 KYC.
They need to file this form on or before
September 30th of each year. If any designated
director skipped to file this form, then they
will be liable to pay a penalty of Rs. 5000/-.
These are the major compliances of LLP ROC Filing
that LLPs need to make sure about. If you missed
any ROC filing then you need to pay the hefty
penalties.
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Final Words
LLP ROC Filing in India is very important for the
smooth functioning legal compliance of LLPs.
You can maintain the transparency,
accountability, trust by fulfilling these
requirements. The designated directors of LLPs
must stay updated with the latest regulations.
For a better experience you can seek the expert
assistance of professionals like Legal Pillers.
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Thank you very much!
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info_at_legalpillers.com
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