Form 11 filing for LLPs

March 28, 2025 by Team Instabizfilings

India has launched the Limited Liability Partnership which combines the features of a partnership and a corporation. The Limited Liability Partnership Act, 2008 defines how LLPs must be run. Form 11 must be filed by an LLP with the Ministry of Corporate Affairs (MCA) each year as it fulfills its regulatory requirements. Annual returns on Form 11 describe the main activities and partners of an LLP for the reporting year.

Importance of Filing Form 11

Compliance with the LLP Act: According to the LLP Act, every LLP registered in India must file Form 11.
Transparency: Transparency gives the government and other stakeholders knowledge about how the LLP runs, performs financially and how it is structured.
Avoid Penalties: Filing the form late may bring penalties against the LLP.

Who is Required to File Form 11?

It is mandatory for every LLP to complete this annual filing, irrespective of its turnover, profit or business activity in that financial year.

Due Date for Filing Form 11

Form 11 must be filed within 60 days by every LLP after their financial activities have ended. Usually, the due date falls on May 31 in every year.

For example:

For the financial year 2024-2025, the due date for filing Form 11 would be May 31, 2025.

Contents of Form 11

It is important to list the next details on Form 11:

LLP Name and LLPIN (LLP Identification Number): The LLP Name and LLPIN (LLP Identification Number) are the main ways to recognise an LLP.
Financial Year: The financial year on a filed form is the span of time it covers. The time span is from April 1 to March 31 in every calendar year.
Partners' Details:

State all the partners’ full names, addresses and the kind of company they are.
Records of what the partner gives to the LLP, whether the contribution is financial or not.

Business Activity: A description of the primary business activities of the LLP.
Number of Partners: The amount of authorized partners and members registered in a limited liability partnership.
Change in Partners (if applicable): If there are any changes in the partners June 26th, the names of the old and new partners should be added to the accounts.
Declaration by the Designated Partners: The designated partners must state that the content given in the form is all true and accurate.
Details of Contribution by the Partners: This e-form requires partners and designated partners to report the total amount of their contribution.
Statement of Compliance: Confirmation that the LLP has followed every requirement of the LLP Act this year.
Particulars of Compounding, if any
Details of notices received towards penalties imposed during the financial year

Steps to File Form 11

Login to MCA Portal: Visit the Ministry of Corporate Affairs (MCA) website and login using your User ID and Password.
Access LLP Form 11: Navigate to the 'MCA Services' section, select 'LLP Forms' and then choose 'Form 11 – Annual Return'.
Enter the Required Information:

Fill in details such as the LLP name, LLPIN, the financial year, and details of partners and designated partners.
If there are any changes in the partners, update the list accordingly.

Attach Necessary Documents: Any documents required to validate the partner details or business activities must be attached.
Verify and Submit: Check the information one more time before you submit the form. Check everything you filled in and then send the form for registering.
Payment of Fee: Pay the prescribed filing fee. The fee is based on the contribution made by the LLP.
Acknowledge Submission: After successful submission, an acknowledgment receipt will be generated.

Penalty for Late Filing

If Form 11 is not filed within the due date, a penalty will be imposed.
The penalty for late filing of Form 11 is ₹100 per day of delay.
As a result, timely filing of Form 11 prevents you from facing extra expenses.

Common Errors to Avoid When Filing Form 11

Incorrect Details of Partners: Ensure every partner’s data you have is fully accurate. Giving out incorrect data may attract penalties from the government.
Missing Filing Deadline: Ensure Form 11 is filed within the due date to avoid late fees.
Non-Compliance with Changes in Partners: If there have been changes in the partners during the year, ensure these are reflected correctly.
Failing to File Even When Non-Operational: Some LLPs believe that they don't need to file Form 11 if they are non-operational. This is incorrect, as Form 11 must be filed regardless of business activity.
Signing of LLP Form 11 : The Form 11 should be signed with the Digital Signatures of 2 Designated Partners. In case the total contribution of the partners exceeds Rs. 50 lakhs, or the turnover exceeds Rs. 5 crores, then the said e-form is to be certified by a practising professional like a Company Secretary.

Conclusion

Form 11 is an important filing for LLPs that ensures compliance with the legal framework of the Limited Liability Partnership Act, 2008. Timely filing of the form not only helps in avoiding penalties but also keeps the records of the LLP transparent and up to date. All LLPs must make sure that they file Form 11 within the stipulated time frame, even if they have had no operations during the financial year.

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