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ROC LLP FORM 8

ROC LLP Form 8

 

What is LLP form 8?

LLP Form 8 or Statement of Account & Solvency is a filing that must be filed every year by all Limited Liability Partnerships (LLPs) registered in India. Form 8 must be filed with the Ministry of Corporate irrespective of turnover of the LLP.

When has to be file?

The due date for filing LLP Form 8 is 30th October of each financial year. Failure to file LLP Form 8 can incur a penalty of Rs.100 per day. In addition to filing LLP Form 8, all LLPs must all file LLP Form 11 before 30th May of each financial year.

Who has to file?

All LLPs registered in India must file the following forms each financial year, irrespective of business turnover or profits.

Additional Information and attachments?

Form 8 is a Statement of Account and Solvency. It must depict the financial transactions undertaken during the financial year and also the financial position during the year. In addition to this, the LLP must also declare:

  • The turnover, whether it is above or below Rs 40 lakh.
  • It must also declare that it has previously filed a statement indicating the creation of charges/modification/satisfaction until the current financial year.
  • Also, declare that the partners/authorized representatives have taken due care and responsibility for the preparation of accounts and proper maintenance of the same.

Attachments

The following documents must be attached with Form 8:

  • Disclosure under Micro, Small and Medium Enterprises (MSME) Development Act, 2006 is a mandatory attachment.
  • Statement of contingent liabilities to be attached in case any contingent liability exists.
  • Any other relevant information can be provided as an optional attachment.