Limited Liability Partnership (LLP) Annual Compliance in India

Q: When is an audit mandatory for an LLP?

An audit is mandatory if the LLP’s annual turnover exceeds ₹40 lakhs or if the total partner contribution exceeds ₹25 lakhs in any financial year.

Q: Can the financial year of an LLP be different from April to March?

No, as per the LLP Act, 2008, an LLP’s financial year is fixed from April 1st to March 31st and cannot be changed.

Q: Who is responsible for ensuring LLP compliance?

The designated partners of the LLP are primarily responsible for meeting all compliance obligations, including statutory filings, audits, and updates with the MCA.

Q: Is a Digital Signature Certificate (DSC) mandatory for LLP compliance?

Yes, a valid Class 2 or Class 3 Digital Signature Certificate of at least one Designated Partner is mandatory for signing and submitting documents electronically on the MCA portal.

Q: What is DIR-3 KYC, and why is it important for Designated Partners?

DIR-3 KYC is an annual filing required for all DIN holders, including designated partners, to update their details with the MCA. Failure to file results in DIN deactivation and attracts a penalty of ₹5,000.

Q: Can an LLP raise foreign investment (FDI)?

Yes, LLPs can receive FDI under the automatic route in most sectors. However, specific sectoral caps, conditions, or prior government/RBI approvals may apply, along with post-investment compliance requirements.

Q: What happens if there is a change in the LLP Agreement?

Any change to the LLP Agreement must be reported by filing Form 3 with the MCA within 30 days from the date of the change. Delayed filing may result in penalties.

Q: How do LLPs handle their bookkeeping and accounting?

LLPs are required to maintain accurate books of accounts to support filings like Form 8 and income tax returns. Many LLPs hire Chartered Accountants to ensure proper financial management and compliance.

Stay MCA-compliant and avoid penalties with RegisterKaro. We handle your LLP’s annual filings, ROC forms, and documentation, ensuring timely, error-free compliance backed by expert support.

Form 11 Annual Return Filing

Form 8 Preparation

DIN KYC Filing Support

Resolution Drafting

Trusted by 2,000+ LLPs across India

4.6 out of 5

(5479)

4.0 out of 5

(1,907)

Full Name*

Phone Number*

Enter Your Email*

What Sets Us Apart

500+MCA Certified Experts

10,000+Trusted Reviews

2500+Monthly Clients Onboarded

Serving Businesses Across India

What Sets Us Apart

500+

MCA Certified Experts

10,000+

Trusted Reviews

2500+

Monthly Clients Onboardings

Serving Businesses Across India

Full Name*

Phone Number*

Enter Your Email*

Connect with RegisterKaro and let our experts handle the legal hassle while you grow your business.

Talk To Our Experts

We're Here To Help You

Your Information Is Safe With Us. We Never Share Your Details.

Frequently Asked Questions (FAQs)

What happens if an LLP fails to file Form 8 and Form 11?

−

Failing to file Form 8 and Form 11 incurs a penalty of ₹100 per day per form with no maximum limit, resulting in substantial fines. Prolonged non-compliance can lead to the LLP being marked as "Inactive" or even struck off by the Ministry of Corporate Affairs (MCA). Designated partners may also face personal liability.

When is an audit mandatory for an LLP?

Can the financial year of an LLP be different from April to March?

Who is responsible for ensuring LLP compliance?

Is a Digital Signature Certificate (DSC) mandatory for LLP compliance?

What is DIR-3 KYC, and why is it important for Designated Partners?

Can an LLP raise foreign investment (FDI)?

What happens if there is a change in the LLP Agreement?

How do LLPs handle their bookkeeping and accounting?

Why Choose RegisterKaro for Your LLP Compliance?

Registerkaro ensures a hassle-free experience with expert support every step of the way. With everything at your fingertips, such as:

LLP Statutory Compliance: Get expert handling of all mandatory LLP filings and legal requirements to keep your business compliant.
Proactive Approach to Compliance: We track every deadline so you never face the ₹100/day late fee.
Reminders for Due Dates: Timely notifications to ensure you never miss critical deadlines for filings and payments.
Comprehensive Packages: From Form 11 to ITR filing, get everything you need in one place.

Why Choose RegisterKaro for Your LLP Compliance?

Latest Blog

View All