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.
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 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 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
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 consequences of late filing Form 11?
Late Fees:
Penalty of Rs. 100 per day is chargeable till the date of filing.
File LLP Form 11
Step 1: Open MCA V3 homepage
Step 2: Login to MCA portal with genuine credentials1
Step 3: Click “MCA services” and then choose “LLP E-Filing”
Step 4: Select Form-11 Open “Annual Return of Limited Liability Partnership (LLP)” from the dropdown
Step 5: Input LLP Information
Step 9: Complete the application
Step 11: Click on submit form after successful save at each step
Step 12: SRN is generated upon after submitting the form. (The SRN can be operated by the user for any forthcoming resemblance with MCA.)
Step 13: Download the webform and affix DSC
Step 14: Upload the DSC affixed pdf document to MCA V3 portal
Step 15: Pay Fees (In point the user does not modify or successfully upload the DSC affixed PDF within 15 days of SRN generation and complete the payment within 7 days of successful upload of DSC affixed document or due date of filing of the form + 2 days, whichever is earlier, the SRN will be cancelled.)
Step 16: Download the paid Challan/ Acknowledgement.
FAQs
What is LLP Form 11?
LLP Form 11 is an annual return that must be filed by Limited Liability Partnerships (LLPs) in India. It contains information about the LLP’s partners, contributions, and changes during the financial year.
Who is required to file LLP Form 11?
All LLPs registered in India are required to file Form 11, irrespective of their turnover or profits. This includes both active and dormant LLPs.