Form 11 LLP: forms

Every LLP is under an obligation to maintain and file the annual accounts in form 11 reflecting the true and fair view of affairs.

What is Form-11

Annual Return is a summary of details of all the designated partners, total contribution received and changes among them during the year. All the LLPs in India are under an obligation to maintain and file the annual accounts in form 11 with ROC (Registrar of Companies) which should reflect genuine and authentic information of its affairs. Even if the LLP does not do any business in the market still it has to comply with the statutory requirement of Annual Return, profit, Balance Sheet and Income Tax Return every year. The fee depends on the capital of the LLP.

 

Contents of Form-11

  • LLP Identification Number
  • Name of the LLP
  • Registered office address of the LLP
  • Business Classification of the LLP
  • Principal business activities of the LLP
  • Details of the designated partners and partners of the LLP
  • Total contribution received by all partners of the LLP
  • Summary of designated partners/partners of the period for which annual return is being filed
  • Details of penalties  imposed on the LLP, if any
  • Attachment- Details of LLP and/or company in which partner/ designated partner is a director/ partner

Total contribution received by all the partners of the LLP should be same as mentioned in Form 8. Form 11 must be digitally signed by one of the designated partners and certified by the Company Secretary who is in whole time practice. The annual return is also available for public inspection once payment of prescribed fees is made to the Registrar.

 

Due date for filing Form 11

Annual return of an LLP is due within sixty days of close of financial year to which such return relates. Therefore due date for the Annual return of an LLP is on or before May 30th of each financial year.

 

Penalty for non-filing of Form 11

If LLP not filed the form 11(Annual Return) on or before the due date i.e. 31st May, the designated partners shall be liable to be punishable with fine of Rs.100 for each day of default which shall be continue till the date of filing of the form. The penalty would get expensive over the time, as there is no upper limit on the penalty.


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