Form 11 is due on 30th May of each year. All LLPs registered under Limited Liability Act, 2008 have to annually file two forms – Form 11 and Form 8.
Annual Return: Form 11 is to be submitted within 60 days of closure of the financial year i.e 30th May of each year. (Financial year closes on 31st March.)
Statement of Account and Solvency: Form 8 is to be submitted within 30 days from the expiry of six months from the closure of the financial year i.e 30th October of each year.
What is LLP Form 11?
LLP Form 11 is a document that LLPs are required to file annually with the Registrar of Companies. This form contains essential details about the LLP’s financial standing, such as the profit and loss account, solvency statement, and details of the designated partners. Filing Form 11 is crucial for maintaining compliance with the law and ensuring that the LLP’s financial information is up to date.
Form 11 comprises an annual return i.e to be furnished by all LLPs no matter what the turnover is in that year. Also, Limited Liability Partnership (LLP) does not have any operations or business in the fiscal year, Form 11 is required to be furnished. Apart from the basic details about the Name, and Address of LLP, details of Partners/ Designated Partners the additional information also to be shown such as:
Total contribution by/to partners of the LLP
Information of the notices obtained for the penalties levied, and compounding offences happened in the fiscal year.
What is Form 11 and How to file it?
Form 11 is an Annual return that is to be filled by all LLPs irrespective of turnover during the year. Even when an LLP does not carry out any operations or business during the financial year, Form 11 needs to be filed. Apart from Basic information about Name, Address of LLP, details of Partners/ Designated Partners, other details that need to be declared are :
- Total contribution by/to partners of the LLP
- Details of notices received towards Penalties imposed / compounding offenses committed during the financial year
It must be e-filed on the MCA portal. The e-form has to be downloaded and filled in an offline mode. The pre-fill option is available to minimize your efforts and the Pre-scrutiny button is present to validate the data filled in. This is done before you submit the form online.
What are the Documents to be submitted along with Form 11?
- Details of LLP and/ or company in which partners/ designated partners (DP) are directors/ partners (It is mandatory to attach these details in case any partner/ DP is a partner in any LLP and/ or director in any other company)
- Any other information can be provided as an optional attachment to this e-Form
What are the prerequisites?
- LLPIN (Limited Liability Partnership Identification number) allotted to the LLP is needed to pre-fill the basic data.
- Declaration about contribution/sums received by all the partners of the LLP
- Payment of fees with respect to e-Form 4 (Notice of appointment, cessation, and change in designation of a designated partner or partner) and processing of e-form 4 should be completed (If applicable).
- Get DSC of your Designated Partner ready!
Important Aspects to note while filing Annual return for LLP
- Using the pre-scrutiny button available on the Form can help validate the data entered. This will help in processing the data error-free (Without mistakes).
- Wherever figures are declared in the forms, these must be entered as they stand on 31st March.
- Details of LLP and/ or company in which partners/ designated partners ( DP) is/are directors/ partner. (It is mandatory to attach this detail in case any partner/ DP is a partner in any LLP and/ or director in any other company).
- The e-form needs certification of a practicing Company Secretary compulsorily if either of the following conditions is satisfied:
- Total contribution made by Partners is more than Rs. 50 lakhs
OR - Turnover of LLP is more than Rs. 5 crores
- Total contribution made by Partners is more than Rs. 50 lakhs
Normal, Additional Fee and Penalty of Filing LLP Form 11 After Due Date
INR 100 per day shall be imposed as a penalty until the non-compliance continues would be applicable if the LLP Form 11 annual return is not being furnished on or prior to 31st May. You should have all the required information to furnish your form. This is because there would be no cap on the penalty, the amount shall get increased with the passage of time.
A. Normal Fees
| Contribution Amount | Normal Fee Applicable |
|---|---|
| Up to 1,00,000 | 50 |
| More than 1,00,000 up to 5,00,000 | 100 |
| More than 5,00,000 up to 10,00,000 | 150 |
| More than 10,00,000 up to 25,00,000 | 200 |
| More than 25,00,000 up to 100,00,000 | 400 |
| More than 100,00,000 | 600 |
B. Additional fees in case of delay in filing of forms
| Period of Delay | Additional Fee Payable for Small LLPs | Additional Fee Payable for Other than Small LLPs |
|---|---|---|
| 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 | 25 Times of Normal Filing Fees (“For forms other than Form 8 and Form 11. For Form 8 and Form 11, 15 times normal filing fees plus Rs. 10 per day for every day delay beyond 360 days”) | 50 Times of Normal Filing Fees (“for forms other than Form 8 and Form 11. For Form 8 and Form 11, 30 times normal filing fees plus Rs. 20 per day for every day delay beyond 360 days” |
FAQs
What is LLP Form 11?
LLP Form 11 is the Annual Return form that every Limited Liability Partnership (LLP) registered in India is required to file with the Registrar of Companies (ROC). It provides details about the LLP’s partners and their contribution.
Who needs to file LLP Form 11?
Every LLP registered in India must file Form 11, regardless of its turnover or profit status, within the specified due date.