Event-Based LLP Compliances
After registration, every LLP becomes a separate legal entity and it has to comply with all the legal requirements prescribed under LLP Act, 2008 and under the Companies Act, 2013. There are certain compliances which are required to be fulfilled on the occurrence of certain event and these compliances are referred as Event-Based LLP Compliances.
List of Event-Based LLP Compliances
Compliances |
Form |
Due-Date |
Whether it is required to be filed before ROC? |
Consent of Designated Partner and Particulars of Partners
|
Form 4 | 30 days from the date of such change | Yes |
Registration of Charges | Form 8 | 30 days from the end of 6 months of the financial year | Yes |
Change in Registered Office of LLP |
Form 15 |
30 days from the date of such change | Yes |
Change in Name |
Form 5 |
30 days from the date of such change |
Yes |
Change in LLP Agreement |
Form 3 |
30 days from the date of such change | Yes |
Change in Designated Partners | Form 4 | 30 days from the date of such change | Yes |
Frequently Asked Questions (FAQs)
Limited Liability Partnership is governed by LLP Act, 2008. LLP Act has prescribed certain compliances which an LLP is required to fulfill otherwise it shall be liable to pay penalty for not observing these compliances.
- Post Incorporation LLP Compliances
- Mandatory Annual LLP Compliances
- Event-Based LLP Compliances
Every LLP has to observe certain compliances as soon as the LLP is incorporated. These compliances are known as Post Incorporation LLP Compliances.
List of Post Incorporation Compliances
PARTICULARS |
Form No. |
Time-Limit (from Incorporation Date) |
Certificate of Incorporation |
FiLLiP |
– |
LLP Agreement |
Form 3 |
30 Days |
PAN |
30 Days |
|
TAN |
30 Days |
|
Opening of Bank Account |
30 Days |
|
Books of Accounts of LLP |
– |
|
Capital Contribution |
60 Days |
|
Appointment of Auditors |
60 Days |
|
Goods & Services Tax (GST) Registration |
Every LLP is required to fulfill certain prescribed compliances annually every financial year and these compliances are referred as Mandatory Annual LLP Compliances.
List of Mandatory Annual LLP Compliances
Compliances |
Forms |
Due Date |
Annual Return |
Form 11 |
within 60 days from the end of financial year |
Statement of Account and Solvency |
Form 8 |
within 30 days from the end of 6 months of the concerned financial year |
Books of Accounts | at the end of the financial year | |
Income Tax Return |
ITR 5 |
on or before 31st July every year |
Designated Partners KYC |
DIR-3 |
LLP Act has prescribed certain compliances which are to be fulfilled on the happening of certain events. These compliances are called as Event-Based LLP Compliances.
List of Event-Based LLP Compliances
Events |
Form |
Due-Date |
Consent of Designated Partner and Particulars of Partners |
Form 4 |
30 days from the date of such change |
Registration of Charges |
Form 8 |
30 days from the end of 6 months of the financial year |
Change in Registered Office of LLP |
Form 15 |
30 days from the date of such change |
Change in Name |
Form 5 |
30 days from the date of such change |
Change in LLP Agreement |
Form 3 |
30 days from the date of such change |
Change in Designated Partners |
Form 4 |
30 days from the date of such change |