Company Law - Annual return filing

Every Company and Limited Liability Partnership Firm need to file annual returns with the Ministry of Corporate Affairs (MCA). Delay or non filing of return attracts heavy interest and penalties. This plan designed to provide you professional help in filing your returns.

LLP

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.

Prequisites :

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.

Consequences for late filing :

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

Company other than LLP

All companies registered under Limited Liability Act, 2008 have to annually file two forms MGT-7 and AOC-4.

1. Form MGT 7 is used to file Annual Return. The due date is 60 days from conclusion of Annual General Meeting(AGM).

2. Form AOC 4 is used to file Annual Accounts. The due date is 30 days from end of Financial Year.

Consequences for late filing :

In case of company, the penalty amount depends upon the nominal share capital and period of delay.