Form 11-Annual Return of LLP

What is The Term LLP Form 11?


Form 11 comprises an annual return i.e to be furnished by all LLPs no matter what the turnover is in that year. Also, Limited Liability Partnership (LLP) does not have any operations or business in the fiscal 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 is to be shown are:

Total contribution by/to partners of the LLP

Information of the notices obtained for the penalties levied, and compounding offences happened in the fiscal year.

The same should be e-filed on the MCA portal. The e-form needs to be downloaded and furnished in an offline mode. The pre-fill option is open for reducing the hardship and also the pre-scrutiny button is available to verify the data furnished. The same is being done prior to submitting the form online.

Latest Update

LLP Act 2008 section 67 and Companies Act 2013 section 460 for agreement regarding Form-3, Form-4, and Form-11 filings.

05th June 2023: 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. Please read the instructions kit before filing the form.

The MCA government department has issued circular number 07/2022 for the relaxation of additional fees for filing LLP form 11 till 15th July 2022.

The MCA official has published circular no 4/2022 related to the late fees that will be waived off for filing the LLP 11 form till 30th June.

What is the Method to File LLP Form 11?


Initial Submission: Option 1

Step 1: Open MCA homepage

Step 2: Login to MCA portal with genuine credentials1

Step 3: Click “MCA services” and then choose “E-Filing”

Step 4: Click “LLP Forms Download”

Step 5: Open “Annual Return of Limited Liability Partnership (LLP)”

Step 6: Input LLP Information2

STEP 7: Find LLPIN by the search option (optional)3

Step 8: Click LLPIN form the dropdown option (optional)4

Step 9: Complete the application

Step 10: Download the webform as a draft (optional)5

Step 11: Present the webform

Step 12: SRN is developed upon the advice of webform (The SRN can be operated by the user for any forthcoming resemblance with MCA.)

Step 13: Connect the DSC

Step 14: Upload the DSC-connected pdf document to MCA portal

Step 15: Bear Fees (In point the user does not successfully upload the DSC connected PDF within 15 days of SRN generation and finish the charge within 7 days of successful upload of DSC affixed document or due date of filing of the form + 2 days, whichever is earlier, the SRN will be revoked.)

Step 16: Acknowledgement is rendered

Initial Submission: Option 2

Step 1: Open MCA homepage

Step 2: Access LLP Form No. 11 through search bar on MCA homepage (website search)6

Step 3: Login to MCA portal with valid credentials

Step 4: Enter LLP Information2

Step 5: Search LLPIN using the search option (optional)3

Step 6: Select LLPIN form the dropdown option (optional)4

Step 7: Fill up the application

Step 8: Save the webform as a draft (optional) 5

Step 9: Present the webform

Step 10: SRN is generated upon request of webform (The SRN can be used by the user for any forthcoming correspondence with MCA.)

Step 11: Connect the DSC

Step 12: Upload the DSC attached pdf document on MCA portal

Step 13: Spend Fees (In case the user does not successfully upload the DSC affixed PDF within 15 days of SRN generation and finish the payment within 7 days of successful upload of DSC affixed document or due date

of filing of the form + 2 days, whichever is earlier, the SRN will be cancelled.)

Step 14: Acknowledgement is generated

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 fiscal year which is 30th May of each year. (Fiscal year closes on 31st March.)

Account and Solvency Statement: within 30 days from the expiry of 6 months LLP form 8 is needed to be submitted 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 concerned to e-Form 4 (Notice of appointment, cessation, and revision in 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.

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 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 require certification of practising the company secretary mandatory when either of the mentioned condition meets:
  1. The total contribution made by Partners exceeded Rs. 50 lakhs
    Or
  2. 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.

    What is 12A and 80G Registration?

    12A and 80G are two different registrations granted by the Income Tax Department to Non-profit organizations or NGOs that allows them to get tax exemption on the donations received from donors.

    What is the purpose of 80G Certificate Registration?

    The purpose of 80G Certificate Registration is to incentivize the donors who make impactful financial contribution to the NGOs or Non-Profit organisations.

    What is the purpose of 12A Certificate Registration?

    The purpose of 12A Certificate registration is to enable non-profit organisations such as section 8 company, trust, societies,NGOs to claim tax exemption on the donations received.

    What is the eligibility for registration of 12A and 80G Certificate?

    The minimum requirements for registration of 12A and 80G Certificate are as follows:

  • The organization must be a registered NGO
  • NGO should not have any income generated from a business.
  • The organisation must maintain a regular book of accounts in favor of their receipts and expenses.