Do You Know the Main Annual Compliances for LLP in India?

annual compliances for LLP

The LLP (Limited Liability Partnership), which is registered under the Indian LLP Act of 2008 and the LLP Rules of 2009, is now a hugely popular partnership company in regions across the country. Right from its introduction in India, LLPs became strikingly popular in various fields of businesses and services, most prominently in the fields of professional services. The Ministry of Corporate Affairs (MCA), Govt of India, and its portal www.llp.gov.in are exclusively prescribed for registering an LLP anywhere in the entire country. Our Delhi-based and highly prestigious law firm has been extending expert, expeditious, and economical services for LLP registrations nationwide for around a decade, along with other legal and consultancy services for smooth and lawful running and the desired growth & profitability of the LLPs in India. Here in this short blog, described briefly only are the annual compliances for LLP in India, to help the concerned entrepreneurs and LLP companies.   

The statutory annual compliances for LLP in India are considerably less than those for a private or public limited company. Here, it may also be noted that LLP by its characteristics enjoys many lush advantages over a traditional partnership firm registered as per the Indian Partnerships Act, 1932. In general, the following are the main statutory annual compliances to be made by any LLP in India.

•  The Annual Return in Form 11, filed with the Registrar of LLPs, within the timeline prescribed.
• The Statement of Accounts & Solvency (SAS) in Form 8
• And, the Income Tax Returns

Again, these compliances are inevitable, irrespective of whether the liable LLP is doing business or not. Perfect and timely filing of the above compliances is needed to avert heavy penalties, which are taken at the rate of ₹ 100 for each day of default. Noteworthy here also is the fact that whenever (in any financial year) the total capital contributions from partners in an LLP becomes more than ₹ 25 Lakh, or its annual turnover exceeds ₹ 40 Lakh, then the accounts of the concerned LLP must be rigorously audited by a qualified Chartered Accountant of India. To know about the prescribed timelines for filing each of the above-mentioned compliances with the relevant authorities.

Company Registration in India

Email: contact@company-registration.in

Call/WhatsApp: 8800100284

Website:www(dot)company-registration(dot)in

Address: s-191c, Manak complex, school block, 

Shakar Pur, Delhi 110092  

Take Advantage of Online Company Registration for High Profits!

new company registration

Among the prominent company forms, the most common is a private limited company registration in India.

Employ company registration in Noida for business progress!

company registration in Noida

For starting a profitable business, it is essential to form a company. It can be of any type like OPC, LLP, PLC, partnership firm, etc. But the foremost step should be the registration of the company.

Online Brand Registration for Striking & Lucrative Businesses!

online brand registration

A Brand or Logo of any company or firm serves as an invaluable asset of the entity, in respect of prominence and profitability of the entity. Therefore, these assets must be intelligently created and flawlessly registered to ensure these qualities of a business or service in any economic field. Today, our online brand registration services are rather popular nationwide and internationally owing to these specialties of our services.

Company Registration in Haryana – Partnership Firm Details!

company registration in haryana

When two or more people come together for a business purpose and sharing the profits, then it is termed as a partnership firm. A partnership firm formed is essential to be registered under the Ministry of Corporate Affair (MCA). The partnership firms in Haryana are managed under the guidelines of the Indian Partnership Act, 1932. The registration process is also carried out as regulated in the act.
Advantages of Partnership Firm Registration
There are numerous benefits of company registration in haryana under the Indian Partnership Act, which is listed below:

• The partnership is easier to register in comparison to LLP registration. There is no requirement to obtain DIN, DSC, etc. 
• The firm can have any name as it does to violate the terms subjected to trademark registration.
• It does not have to file an annual return with the Registrar of Companies.

 The steps of partnership firm registration in Haryana are mentioned below:

1. The applicant has to visit the official website of the Haryana Government.
2. Click on the “Online Service” menu appearing on the home page of the web portal.
3. Select the “Registration of firms” from the given list.
4. If the user is registering for the first time, then click the “New Registration” option.
5. Then the application form will disclose for registration of services.
6. Now the user has to open the login page and enter the login details.
7. Fill the application form appearing on the screen and attach the required documents.
8.  After this click on the “Submit” and the registration process is complete. 
9.  The application will be sent to the concerned Registrar office for verification.
10. Finally, the registration certificate is issued.

Company Registration in India

Email: contact@company-registration.in

Call/whatsapp: 8800100284

Website:www(dot)company-registration(dot)in

Address: s-191c, manak complex, school block,

 Shakarpur, delhi 110092