Form 8 – LLP Annual Filing

This is the first part of LLP Annual filing more posts will follow in the due course.

As per Section 34(2) of the limited liability act, 2008 read with relevant LLP rules,

Every limited liability partnership shall, within a period of six months from the end of each financial year, prepare a Statement of Account and Solvency for the said financial year as at the last day of the said financial year in such form as may be prescribed, and such statement shall be signed by the designated partners of the limited liability partnership.

As per Section 34(3) of the limited liability act, 2008 read with relevant LLP rules,

Every limited liability partnership shall file within the prescribed time, the Statement of Account and Solvency prepared pursuant to sub-section (2) with the Registrar every year in such form and manner and accompanied by such fees as may be prescribed

Introduction to Form 8

Form 8 is a declaration made by all the designated partners of the LLP stating that they are in a position to repay all the debts in full in the normal course of business.

Due Date for Filing Form 8

It has to be prepared within 6 months from the end of the relevant financial year. It has to be filed within 30 days of due date of preparing the form. Hence, for the financial year that ends 31st March 2015 the due date shall be 30th October 2015.

 

Penalty for non filing

If the LLP fails to file Form 8 within the due date, additional fees of Rs.100 per day shall be paid till the date of filing of the form.

Content of Form 8

(1) Statement of Solvency

(2) Declaration under the MSMED Act 2006

(3) Two designated partners have to digitally sign the form

(4) A CA, CS or CWA in whole time practice also have to digitally sign the form.


If you feel that the information stated below was useful or for any changes and information please use the comment box. In case any one requires the format of the attachments for Form 8 please mention the same in the comments. This post is for information purpose only kindly obtain advice before taking any actions.

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