Section: Section 35 of the Limited Liability Partnership Act, 2008
Purpose: The purpose of filing the Annual Return is to provide information about the LLP's financial statements, partners' details, and other relevant information to the Registrar of Companies (RoC).
Applicability: All LLPs registered in India are required to file an Annual Return with the RoC.
Timeline: The Annual Return must be filed within 60 days from the end of the financial year. For example, if the financial year of an LLP ends on March 31st, the Annual Return must be filed by May 30th.
Exemption: LLPs that have not carried out any business activity or operations during the financial year are exempt from filing the Annual Return.
Penalty: If an LLP fails to file its Annual Return within the due date, a penalty of Rs. 100 per day is levied for each day of delay, subject to a maximum of Rs. 5,000.
Due date: The due date for filing the Annual Return is within 60 days from the end of the financial year.
Forms: The Annual Return must be filed in Form 11 as prescribed under the LLP Rules, 2009.
Reporting authority: The Annual Return must be filed with the Registrar of Companies (RoC) in the state where the LLP is registered.
Other details: The Annual Return should include information about the LLP's partners, capital contributions, loans taken and given, changes in partners, and details of the designated partners. The financial statements of the LLP, including the balance sheet, profit and loss statement, and cash flow statement, must also be attached to the Annual Return. LLPs are advised to engage a professional, such as a Chartered Accountant or Company Secretary, to assist in filing the Annual Return to ensure compliance with all legal requirements.
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