ROC Annual Compliances for
Limited Liability Partnership (LLP)
LLP must file their returns anually to maintain compliance
and avoid heavy penalty for non-compliance.
Annual Return Preparation and filings
Snapshot on Annual Compliances for Limited Liability Partnership (LLP)
LLPs are separate legal entities required by law to file its Annual Return within 60 days from the end of close of financial year and Statement of Account & Solvency within 30 days from end of six months of close of financial year. Failure to comply results in huge penalties, with penalties going up to Rs. 5 lakh in some cases.
Designated Partners are responsible to maintain proper book of accounts and file annual return with the MCA each financial year. LLPs are required to get their accounts audited when the annual turnover exceeds Rs.40 lakhs or if the contribution exceeds Rs.25 lakhs.
We at VyaparFormations would help in complying with all secretrial part of LLP.
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