How to File Form 11 for LLP ?

How to File Form 11 for LLP ?

Form 11 is due on 30th May 2018.
All LLPs registered under Limited Liability Act, 2008 have to annually file two forms Form 11 and Form 8.

Annual Return: Form 11 is to be submitted within 60 days of closure of the financial year i.e 30th May 2018. (Financial year closes on 31st March.)
Statement of Account and Solvency: Form 8 is to be submitted within 30 days from the expiry of six months from the closure of the financial year i.e 30th October 2018.

What is Form 11 and How to file it?

Form 11 is an Annual return that is to be filled by all LLPs irrespective of turnover during the year. Even when an LLP does not carry out any operations or business during the financial year, Form 11 needs to be filed.

Apart from Basic information about Name, Address of LLP, details of Partners/ Designated Partners, other details that need to be declared are :

  1. Total contribution by/to partners of the LLP
  2. Details of notices received towards Penalties imposed / compounding offenses committed during the financial year

It must be e-filed on the MCA portal. The e-form has to be downloaded and filled in an offline mode. The pre-fill option is available to minimize your efforts and the Pre-scrutiny button is present to validate the data filled in. This is done before you submit the form online.

What are the prerequisites?

  1. LLPIN (Limited Liability Partnership Identification number) allotted to the LLP is needed to pre-fill the basic data.
  2. Declaration about contribution/sums received by all the partners of the LLP
  3. Payment of fees with respect to e-Form 4 (Notice of appointment, cessation, and change in designation of a designated partner or partner) and processing of e-form 4 should be completed (If applicable).
  4. Get DSC of your Designated Partner ready!

What are the Documents to be submitted along with Form 11?

  1. Details of LLP and/ or company in which partners/ designated partners (DP) are directors/ partners (It is mandatory to attach these details in case any partner/ DP is a partner in any LLP and/ or director in any other company)  
  2. Any other information can be provided as an optional attachment to this e-Form

Important Aspects to note while filing Annual return for LLP

Some of the important pointers that all LLPs have to make note of while filing the 5-page Form 11 are as follows:

  1. Using the pre-scrutiny button available on the Form can help validate the data entered. This will help in processing the data error-free (Without mistakes).
  2. Wherever figures are declared in the forms, these must be entered as they stand on 31st March 2018, except in case of the ‘turnover’ which shall be for a one year period ending on 31st March 2018.
  3. Details of LLP and/ or company in which partners/ designated partners( DP) is/are directors/ partner. (It is mandatory to attach this detail in case any partner/ DP is a partner in any LLP and/ or director in any other company).
  4. The e-form needs certification of a practicing Company Secretary compulsorily if either of the following conditions is satisfied:
    1. Total contribution made by Partners is more than Rs. 50 lakhs OR
    2. Turnover of LLP is more than Rs. 5 crores

If figures are within/less than the above limits then the designated partner themselves can certify the e-form.For more information visit llp annual filing.

Note that there is no provision for resubmission of this e-Form.

What are the consequences of late filing Form 11?

Late Fees: Penalty of Rs. 100 per day is chargeable till the date of filing

Steps to File Form 11 on MCA

Every LLP has to file this Form (Annual Return) Within 60 Days from the Closure of the Financial Year along with Prescribed Fees.

Here, I am providing step by step guide to file form 11 – Annual Accounts with MCA.

STEP 1:- Download the form with instruction kit

STEP 2:- Find out your LLPIN

LLPIN (LLP Identification Number) can be obtained from here. Write your LLP name and all LLP registered to MCA containing words you have provided, will be displayed. Choose your LLP and get the LLPIN corresponding to it.

STEP 3:- Pre-fill the Details of LLP form-11

Fill Year for which this form relates and Start date of financial year for which annual return is being filed for the Year 2015 it must be 01.04.2014 and after that Mention your Limited Liability Partnership identification number (LLPIN) and then click on Pre-Fill button.All details upto Point no. 8 will be displayed automatically.

Total monetary value of obligation of contribution (Capital Contribution) as on above date will be automatically appearing and it will be as per Form 11 – Annual Return as filed by you.

STEP 4 : Mentioned Amount

After using Pre-Filing Button now Come to point no. 8 (d) that is Total contribution received by all partners of the LLP (in Rs.) in that dialogue box mention the amount of Contribution received by All partners say for example Rs. 50,000/-, then mentioned the same.

In Point No. 9 do not mentioned any thing

STEP 5 : Details of individual(s) as partners

Now Come to Point Number 10 that is Details of individual(s) as partners

In that point Designation will automatically captured along with Designated Partner Identification number (DPIN)/ Income tax permanent account number (Income-tax PAN)/ Passport number, as per below mention screen shot.

STEP 6 : Details of individual(s) as partners

So now just click on Pre-Fill button all the details of partner will automatically captured.

As per below Screen.

STEP 7 : Details of individual(s) as partners

Now in above points you have to mentioned the Contribution received and accounted for (in Rs.) dialogue box, this is the amount which is required to be filled by you and Be careful while mentioning such amount because it is equal to total Contribution made to the all partner and the Point No. 8 (d) which is Total contribution received by all partners of the LLP (in Rs.).

STEP 8 : Details of individual(s) as partners

Same process shall be required to be done for all Partners.

STEP 9 : Details of bodies corporate as partners

In Point no. 11 the details of bodies corporate as partners required to be mentioned. If any partner belongs to that then just mentioned Corporate identity number (CIN) or Foreign company registration number (FCRN) or Limited liability partnership identification number (LLPIN) or Foreign limited liability partnership identification number (FLLPIN) or any other identification number DPIN, and click on pre-file button all the details of partner will be auto captured.

STEP 10 : Summary of designated partner(s)/partner(s) as on 31st March of the period for which annual return is being filed

In point no. 12 you have to do nothing, all this details available automatically.

STEP 11 : Particulars of penalties imposed on the LLP as well as Partners :

In point no. 13 (i) if any penalty is imposed on LLP and in point no. 13 (ii) if any penalty is imposed on partners then it should be required to be mentioned otherwise keep it as a blank.

STEP 12 : Particulars of compounding offences :

In point no. 14 if you go for Compounding of offences then you have to provide the details of the same. Otherwise keep it blank as it is.

STEP 13 : Whether turnover of the LLP exceeds 5 crores :

In point no. 15 you have to make tick mark in the round box that if turnover of the LLP exceeds 5 crores then click on Yes button otherwise click on No button.

Now Attach the details of company(s)/ LLP(s) in which partner/ designated partner is a director/ partner, as the case may be, in the below format as an attachment. Make necessary attachment as shown in below screen.

STEP 14 : Verification :

After making necessary attachment now comes to the verification in that case make click on button To the best of my knowledge and belief, the information given in this form and its attachment is correct and complete.

After Click on that Button attached the Digital Signature of Designated Partner along with their DPIN.

STEP 15 : Certificate :

After making verification now comes to the certification in that case make click on button I certify that Annual Return contains true and correct information..

After Click on that Button attached the Digital Signature of Designated Partner along with their DPIN.

STEP 16 : Certificate Optional:

However there is an option for digitally signature that if you have obtained service from Company Secretary in practice then in that case you can use service provided by Company Secretary in practice and they will make the required Certification and Verification as per below screen.

STEP 17:- Prescrutiny

Use Check Form utility to see if any more information is required for form completion. On no error message, including the digital signature of person who is verifying the furnished details. Perform Prescrutiny. If everything is correct, a pop up-window saying “No Prescrutiny errors have found” will be displayed.

Here your Complete Process for Form Completion is done now go for online for filing of the same form through MCA Portal.

Now Online Form Filing Procedure is required to be done. Follow the Below Process for that…..!!!!

STEP 1:- Login to MCA portal

Login here to start uploading your LLP form 11. You can login with same ID and password as you use for the purpose of company filing. Before uploading the form be sure that professional and designated partner whose digital signature are affixed on form, are registered on MCA portal also.

STEP 2:- Upload e-Form

After login, click on upload e-Form button as shown in below image. On next page, you will be asked to upload the LLP form 11. Select your form and hit on upload button.

STEP 3:- Payment

Upon successful loading of form, a window asking for payment will pop-up. Select the mode of payment. On successful payment following message will come and after this challan will generate. Keep it for your future records. Challan will contain the SRN number also.

STEP 4:- All done !!

Information & Document Required to File LLP Form 11

The following information and documents are required for filing LLP Annual Return:

  1. LLP Identification Number
  2. Name of the LLP
  3. Registered office address of the LLP
  4. Business Classification of the LLP (Business, Profession, Service, Occupation, Others)
  5. Principal business activities of the LLP
  6. Details of Designated Partners and Partners of the LLP
  7. Total obligation of contribution of partners of the LLP
  8. Total contribution received by all partners of the LLP
  9. Summary of Designated Partners and Partners
  10. Particulars of penalties imposed on the LLP, if any
  11. Particulars of compounding offenses, if any
  12. Details of LLP and or company in which Partner/Designated Partner are a Director/Partner (It is mandatory to attach this detail in case any Partner/Designated Partner is a partner in any LLP and/or Director in any company)

It is important to note that once the LLP Annual Return is filed, it cannot be resubmitted. Further, the total contribution received by all Partners of the LLP mentioned in LLP Form 11 Annual Return must match LLP Form 8 Statement of Accounts & Solvency to be filed on or before 30th October. Therefore, it is important to get professional help while preparing and filing LLP Annual Return.

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