Form 11 LLP

Introduction

Form 11 LLP is an annual return for LLPs that must be submitted by May 30th each year, regardless of whether the LLP has commenced operations. 

Learn more about Form 11, including the distinctions between minor LLPs and regular LLPs, fees, late fees, and the certification requirement.

Steps for filing Form 11 LLP

Step 1: Preparation

Ensure that all pertinent information and documents are prepared prior to commencing the filing procedure. This encompasses:

1. LLPIN (Limited Liability Partnership Identification Number)
2. Information regarding the limited liability partnership, including its registered office address and principal business activities.
3. Detailed information regarding all partners and designated partners, including their names, addresses, and contributions to the LLP.
4. Any penalties or offences that the LLP was involved in during the financial year.

Step 2: Access the form

Form 11 LLP can be accessed and downloaded from the MCA’s official portal. Begin by accessing the MCA website and proceeding to the LLP Services section, where you will locate Form 11.

Step 3: Complete the Form

The form must be meticulously completed after it has been downloaded. Initially, the form must be completed offline:

1. Input the essential information, including the name and address of the limited liability partnership (LLP) and the aggregate contribution from its partners.
2. Please provide any information regarding the penalties imposed or the compounding of offences that you have received.
3. Please include all mandatory documents as specified below.
4. Utilizing the Pre-fill Option.
5. Use the pre-fill option on the MCA portal to save time and reduce errors. This feature automatically fills in fundamental information about the LLP using the LLPIN.

Step 4: Attach the necessary documents

The following documentation typically accompanies Form 11 LLP:

1. Information regarding limited liability partnerships (LLPs) and corporations in which partners serve as directors or partners.
2. Additional explanations or clarifications regarding the information in the form may be included as optional attachments.

Step 5: Confirm Data through Pre-scrutiny

It is imperative to utilise the ‘Pre-scrutiny’ feature on the form to verify for errors prior to submitting it. This feature is instrumental in guaranteeing that the data entered is error-free prior to its ultimate submission.

Step 6: Submission and Signature

After all data has been entered and verified:

1. A designated companion must digitally sign the form. A certificate from a practising Company Secretary is necessary if the thresholds for contributions or turnover are surpassed (respectively, more than Rs. 50 lakhs in contributions or more than Rs. 5 crores in turnover).
2. After the form has been signed, it should be uploaded to the MCA portal.

Step 7: The Necessary Fees Must be Paid.

A filing fee must be paid online during the submission procedure in accordance with the LLP contribution slabs. The amount that must be paid can be determined by consulting the standard schedule of fees for filing Form 11.

You will receive an acknowledgement on the MCA portal verifying the submission once Form 11 LLP is submitted, along with the payment. Please ensure that you save and print this acknowledgement for your records.

Important Points to Bear in Mind

1. Submission deadline: Within 60 days of the conclusion of its fiscal year, each limited liability partnership (LLP) is required to submit its annual return in Form 11 LLP. The due date is typically May 30th of each year, following the conclusion of the financial year.
2. Pre-scrutiny: Prior to uploading, verify that the ‘Prescrutiny’ icon is selected to identify any errors. The form will only be allowed if it has been pre-scrutinized.
3. Electronic Filing: The Registrar does not conduct any additional scrutiny on this form, which is why accuracy is of the utmost importance.
4. Forms that are currently pending: If any Form 4 (pertaining to changes in designated partners) is pending fee payment or processing, Form 11 LLP cannot be submitted.

FAQ’s

1. What happens in a situation where Form 11 LLP is not submitted?

As previously mentioned, substantial penalties may result from failing to submit Form 11 by the deadline. Additionally, noncompliance may result in legal complications and could potentially result in the LLP’s name being removed from the MCA’s register.

2. Can I resubmit Form 11 if errors are discovered after it has been submitted?

No, Form 11 LLP cannot be revised or resubmitted after it has been submitted. It is imperative to conduct a comprehensive review and utilise the pre-scrutiny feature prior to submission in order to prevent errors. 

In the event that substantial mistakes are committed, it is imperative to obtain legal counsel in order to comprehend the potential corrective actions.

3. When submitting Form 11, is it mandatory for all limited liability partnerships (LLPs) to include a digital signature?

It is mandatory to obtain a digital signature from at least one designated companion in order to submit Form 11. So, yes. Certification from a practising Company Secretary may also be necessary if the LLP’s contributions or turnover exceed specific thresholds.

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