What is The Term LLP Form 11?
Form 11 comprises an annual return which is required to be filed to ROC, i.e to be furnished by all LLPs no matter what the turnover is in that year. Also, a Limited Liability Partnership (LLP) does not have any operations or business in the financial year, Form 11 is required to be furnished. Apart from the basic details about the Name and Address of LLP, details of Partners/ Designated Partners, the additional information also needs to be shown such as:
- Total contribution by/to partners of the LLP
- Information on the notices obtained for the penalties levied, and compounding offences that happened in the fiscal year.
- Details of partner/ Designated partner, including changes, if any
- List of other entities in which such partner or designated partner is a director, partner or designated partner.
Now Form-11 is filed online through the MCA V3 portal. Form is uploaded and submitted online through the portal on MCA V3.
Download Free Trial of LLP 11 Filing Software on V3 Portal
Latest Update
- Form 11 LLP now has the ability to download and upload Excel files, in which all the existing data of the Partners and Designated Partners will be filled in automatically.
What is the Method to File LLP Form 11?
Initial Submission: Option 1
Step 1: Open MCA V3 homepage ⏩ Login to MCA portal with genuine credentials1 Registered user ID & Password ⏩ Click “MCA services” ⏩ choose “LLP e-Filing” ⏩ Form-11 Annual Return of LLP
Step 2: Fill in the LLPIN and select the financial year to which the annual return pertains. After that, other details will be auto-populated based on the LLPIN entered, such as the LLP name, address, object, and the jurisdiction of the police station for the registered office, etc.
Step 3: Details of the total number of designated partners, total number of partners, total obligation of contribution by the partners of the LLP, and total contribution received from all the partners of the LLP are pre-filled based on the financial year selected by the user.
Step 4: Press the download option, download the excel sheet containing individual partner and body corporate details (if any), manually fill in the fields for Contribution received and accounted for, Number of limited liability partnerships in which he/she is a partner, and Number of companies in which he/she is a director (as all other details are prefilled), then save and attach the Excel file to proceed further.
Step 5: The ‘Total contribution received from all the partners of the LLP (in Rs.)’ will be calculated and filled automatically based on the values entered by the user in the Excel fields ‘Obligation of Contribution’ and ‘Contribution Received and Accounted For’ for each partner and designated partner, excluding any ceased partner.
Step 6: Provide Particulars of penalties imposed on the LLP, Particulars of
Compounding offences, if any. Click on details whether the turnover of the LLP exceeds 5 crore or not.
Step 7: Attach any optional attachment if user wants to provide any other information. After that digitally sign the form by the designated partner & if the contribution exceeds ₹50 lakhs or the turnover exceeds ₹5 crores, a practising Company Secretary must also certify the form.
Step 8: Click on submit form after successful save at each step.
Step 9: Download the webform and affix the DSC
Step 10: Upload the DSC affixed pdf document to MCA V3 portal
LLP Form 11 Annual Return Due Date
Form 11 is due on 30th May of each year. All LLPs enrolled under the Limited Liability Act, of 2008 need to yearly furnish two forms- Form 11 and Form 8.
Annual Return: Form 11 is needed to be submitted within 60 days of the closure of the financial year, which is 30th May of each year. (Financial year closes on 31st March.)
Account and Solvency Statement: LLP form 8 needs to be submitted within 30 days from the expiry of 6 months from the closure of the financial year, which is 30th October of each year.
The same article describes the need to furnish the Form 11 Annual return. Indeed, some essential facts during Form 11 filing are given below.
Requirements to Pre-fill MCA LLP Form 11
- LLPIN (Limited Liability Partnership Identification number) assigned to the LLP is required to pre-fill the basic data.
- Declaration of the contribution/sums obtained by all the partners of LLP.
- Payment of fees related to e-Form 4 (Notice of appointment, cessation, and revision in the designation of a designated partner or partner) and processing of e-Form 4 must be achieved (If applicable).
- Get the DSC of your Designated Partner ready!
What Documents Must Be Submitted with MCA LLP Form 11?
- The information of LLP or company where partners or designated partners stand as the directors/ partners (it is essential to attach this information in case any partner/DP is a partner in any LLP and/or director in any other firm).
- Any additional details could be given as an optional attachment to the same e-form.
Read Also: Free Guide to LLP Registration by FiLLip Form on MCA Portal
Essential Things to Know During Filing the Annual Return 11 Form for LLP
Some of the essential things that LLPs need to know during furnishing the 5-page Form 11 are mentioned as:
- Data inserted can be validated by using the pre-scrutiny button available on the Form. The same shall support no error processing of the data (without glitches).
- The figures shown in the forms should be inserted as they arrive on 31st March.
- Details of LLP and the company in which a partner or designated partner ( DP) is a director or partner. (The same is essential to attach the same information when any partner/DP is a partner in an LLP and the director in any additional company.
- The same e-form requires certification of practising the company secretary to be mandatory when either of the mentioned conditions is met:
- The total contribution made by Partners exceeded Rs. 50 lakhs
Or
- LLP turnover exceeds Rs 5 cr.
When the figures are within or less than the above threshold then the designated partner on their own could certify the e-form. You can go to LLP annual filing. Note that there is no provision for the resubmission of this e-form.
Normal, Additional Fee and Penalty of Filing LLP Form 11 After Due Date
If any limited liability partnership fails to file its annual return before the expiry of the period specified therein, such limited liability partnership and its designated partner shall be liable to a penalty of one hundred rupees for each day during which such failure ontinues, subject to a maximum of one lakh rupees for the limited liability partnership and fifty thousand rupees for designated partners.
A. Normal Fees
| Contribution Amount | Normal Fee Applicable |
|---|---|
| Up to 1,00,000 | 50 |
| More than 1,00,000 up to 5,00,000 | 100 |
| More than 5,00,000 up to 10,00,000 | 150 |
| More than 10,00,000 up to 25,00,000 | 200 |
| More than 25,00,000 up to 100,00,000 | 400 |
| More than 100,00,000 | 600 |
