Limited Liability Partnership (LLP) is needed to provide information about the statement of Accounts and Returns which is on a yearly basis.
Limited Liability Partnership (LLP) is needed to provide information about the statement of Accounts and Returns which is on a yearly basis. The Limited Liability Partnership having the many conditions are there in the compliance on Filing annual returns when compared to the Private Limited Company. When the compliance is not filing, we should pay the penalty for it. The Firm's required documents & information are not provided correctly should pay the fine up to 5 lakhs.
In the Business to meet the Annual Compliance mainly requires the discipline and perfect lookout. But, if you careless it can result to pay the fine. If the LLP meets the Annual Compliance requirements frequently providing the loans quickly or funded by the investor readily, the above-mentioned things are the compliant from the ROC
The Company Secretary should ensure that your business is run according to the law throughout the year by the phone call. Our experienced team will insist to update the changes of the ROC throughout the year.
Form 8 should be filed within 30 days before the end of the financial year. After that two designated partners should sign digitally & certified by the Charted Accountant/Cost Accountant/Company Secretary. There are two parts in Form 8. Part A: Statement of Solvency Part B: Statement of Accounts, Statement of Income & Expenditure In case, you are not filing Form 8 should pay the penalty Rs.100/day till you compiled Form 8.
It has information about the number of Partners, the total number of partners, Received total contribution by partners, information of corporate body as partners, Precis of partner. The LLP should file Form 11, 60 days before the financial year with the allotted fees. As per the Companies Act, the common due date is 30th May of every year. Annual Returns should be Filed until the company not closed & wound up. So It is important to file LLP Annual Returns before or on the due date, escape without penalties.
The Annual compliance provides higher reliability, because of that, LLP can get loan approvals and another similar requirement.
LLP's Annual compliance filing record is provided to the other companies about the financial worth, it makes the new & interested investor.
If the LLP made the regular filings, there should not the nonexistent of the LLP, so it will operate actively. Also need the Annual compliance filings, if the filing is done in default, should pay the additional fee (Penalty).
Regular Annual Compliance Filings provides easier conversion of the Limited Liability Partnership into other types of company, as well as fast resolution if the partnership dilution.
We will help you with the requirement of the compliance of LLP. For offline company secretary charged only affordable cost.
With the result of handling all the paper works, get smooth communication with the government. We provide clearance with the company incorporation process in the real assumption
: In our team, there are very knowledgeable about the compliance of filing, legal professionals & advisors, so contact us for the Filing.
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