Annual Filing Requirements

• LLP must file Form 8 for Statement of Accounts and Solvency
• LLP must file Form 11 for Annual Return with RoC
• Filing must be done even if there is no business activity
• Both forms must be filed within prescribed due dates
• Failure to file attracts penalties under LLP Act

Financial Statements and Books

• LLP must maintain proper books of accounts at registered office
• Books can be maintained on cash or accrual basis
• Statement of Accounts must be signed by designated partners
• Financial data must be accurate and verifiable
• Records must be preserved for minimum eight financial years

Audit Requirements

• Audit is mandatory if turnover exceeds ₹40 lakhs in a year
• Audit is also needed if partner contribution exceeds ₹25 lakhs
• Statutory auditor must be a practicing Chartered Accountant
• Audit ensures correctness of accounts and disclosures
• Audit report must be annexed with Form 8 if applicable

Event-Based Filings

• Changes in LLP agreement must be filed using Form 3
• Changes in partners must be reported using Form 4
• Shifting of registered office requires Form 15 submission
• Designated partner change must be updated with RoC
• All such filings must be done within 30 days of change

Compliance with Authorities

• LLP must comply with MCA notifications and circulars
• Any inspection or inquiry must be responded to timely
• ROC may demand additional records during scrutiny
• LLP must provide true and complete information when asked
• Non-compliance can lead to fines or legal actions