ROC Compliance of LLP

ROC Compliance of LLP

About ROC compliance

If you are having a LLP Registration company, then you should know about the LLP compliances. Running and managing a business is not easy, whether it be a Private Limited Company, One Person Company, or an LLP. Business is an investment of money, time, and many efforts. Therefore, for running a business successfully you should be well versed with all the formalities, be it regulatory or financial. For this, it becomes essential to file all the Forms and returns on time with the Ministry of Corporate Affairs. If not filed on time these Forms bounce back in the form of heavy penalties. Now, let us understand what LLP means and what the mandatory compliances of LLP are.

What do you mean by LLP(Limited Liability Partnership Firm?
LLP or Limited Liability Partner is a form of business entity that shares the features of both the partnership firm and company. The regulation of LLP Registration is accomplished by the compliance of the Registrar of Companies, Ministry of Corporate Affairs. Limited Liability Partner is a separate legal body, which is different from its partners. LLP has its perpetual succession. 

All the LLPs are obligatory to maintain LLP compliances and undertake annual return filing with ROC every year. The LLPs registered at ROC with the Ministry of Corporate Affairs; need to file their annual compliance for LLP and statement of accounts at the end of every financial year. The ROC annual return filing/ annual compliance for LLP for an LLP is compulsory disregarding whether they have done any business or not. All LLPs need to follow the mentioned below mandatory LLP annual compliance requirements –

Annual Return Filing
Financial Statements Filing
Income Tax Returns Filing


ROC Compliance of LLP

List of compliance:

30 May Form 11 (Annual Return) Summary of LLPs management affairs Number of Partners along with their names
31 July Income Tax Return Valid for LLPs not requiring Tax Audit
30 September Income Tax Return Valid for LLPs requiring Tax Audit
30 October Form 8 (Accounts) v Details related to Profit Other financial details as stated

It maintains higher credibility in market. In case if your LLP is non complaint and any interested person want to be partner or designated partner, will not continue.
Non-compliance will attract higher penalty and late fees. This leads to closer of your LLP. So avoid failure from non ROC compliance
Proper filing of ROC Compliances of LLP helps you in maintaining proper records of company.
If your LLP is non complaint and if any action took by government. In such cases you will not be able to convert it into Pvt. Ltd or otherwise.

After registration of your LLP, make sure you have open LLP Current Account with bank so that you can go for ROC Compliance of LLP.
The contribution mentioned in LLP agreement by the designated partners and partners has been deposited in company’s bank account, it will help you ROC compliance in doing.
LLP is conducting properly meetings of designated partners and partners as prescribed in law.
After closing of financial year, close your books of account and prepare for LLP filing.
Related documents such as statement of solvency, annual return, LLP annual compliance, etc need to prepare and file with Income Tax department and concerned ROC within stipulated time period.

We at DAR & COLLP providing you dedicated professionals CA Services online who manage your companies work during the year. If you are looking for ROC compliance for LLP, this is the right place where you will get to know about the LLP annual filing due date/LLP filing. And helps you in maintaining your business according to the provisions of law. 

We have a panel of experts such as Chartered Accountants, Company Secretary and Advocates who will take care of your compliances, taxation, accounting and other business requirements. Do wait, grab our exclusive offer today and enjoy the benefit of Excellency of legal support. Call our professionals now and clear your doubt at 0172 3596664 or write us at info@darcollp.com