ANNUAL COMPLIANCE FOR LIMITED LIABILITY PARTNERSHIP(LLP)
All the Limited Liability Partnership's (LLP) registered under the LLP Act 2008 are required to file the following returns mandatorily whether LLP do business or not.
MANDATORY ANNUAL COMPLIANCE FOR LLP
1- Filing of Annual Return:
Annual Return is a summary of details of Partners and Designated Partners and changes among them during the year. An LLP is required to file the Annual Return with the Registrar of LLP.
2- Filing of Statement of Accounts (Profit and Loss Account & Balance Sheet):
The Statement of Accounts is the summary of Financial Transactions such as Assets / Liabilities and Income and Expenditure details of LLP. Every LLP has to close its books of accounts as on 31st March every year and prepare a Statement of Accounts (Profit and Loss Account and Balance Sheet) and has to file the same with Registrar.
ANNUAL COMPLIANCE CHART FOR LLP
||Within 60 days of closure of financial year
||Within 30 days from the end of 6 month of financial year.