Annual Return for LLP – Form 11

Every Limited Liability Partnership (LLP) registered under the Limited Liability Act, 2008 have to annually file Form 11 with respect to Annual return irrespective of their turnover during the year. The Form 11 needs to be filed with Ministry of Corporate Affairs(MCA) within 60 days from the end of the financial year i.e. on or before 30th May.

Along with other basic information LLP has to declare the following information in the form:

• Total contribution by/to partners of the LLP; and

• Details of notices received towards Penalties imposed / compounding offenses committed during the financial year.

Further, Form 11 needs to be certified by a Practicing Company Secretary (PCS) compulsorily if either of the following conditions is satisfied:

• Total contribution made by Partners is more than Rs. 50 lakhs or

• Turnover of LLP is more than Rs. 5 crores.

Penalty: A penalty of Rs. 100 per day will be levied, if the LLP fails to file Form 11 with MCA within the due date. The penalty will continue, till the time LLP files the form MCA.