Form 8 LLP: forms

Post incorporation of LLP, certain obligations are imposed which are supposed to fulfil subsequent to incorporation to avoid the penalty. Filing a ‘Statement of Account & Solvency’ is one of the obligations which should be filed by every LLP with the Registrar every year.

What is Form-8

All the LLPs registered with MCA is required to file ‘Statement of Accounts & Solvency’ in an appropriate format of LLP Form 8 which should contain declaration on the state of solvency of the LLP and also information related to the statement of assets and liabilities and statement of income and expenditure of the LLP. This statement is filed by the designated partners with ROC (Registrar of Companies).

 

Contents of Form-8

Part A- Statement of Solvency

Part B- Statement of Accounts

  • Statements of Assets and Liabilities
  • Statements of Income and Expenditure

Attachments-

  • Disclosures under Micro, Small and Medium Enterprises Development Act, 2006
  • Statement of contingent liabilities not provided for, if any

 

Form 8 is to be digitally signed by two designated partners or authorised representatives and certified by Chartered Accountant/ Cost Accountant/ Company secretary who is in whole time practice.

 

Due date for filing Form 8

Every LLP in India must file its Statement of Account & Solvency within thirty days from the end of six months of close of financial year to which such statement relates. As financial year (April 1st-March 31st) ends on March 31st, the due date of filing will be October 30th of each financial year.

However, if in case LLP gets registered on or after 1st October then LLP can close its financial year either on coming 31st March or on next 31st March i.e. LLP will file its first statement for 18 months.

 

Penalty for non-filing of Form 8

If LLP fails to file the Form 8 within the prescribed time, additional fees of Rs.100 per day imposed as fine on LLP which shall continue until the date of filing of the form.

From Form 8 LLP
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