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All you need to know
LLP annual return filing is a mandatory process that ensures a Limited Liability Partnership complies with legal requirements. It includes submitting LLP annual compliances, such as financial statements and returns, to the Registrar of Companies (ROC) every year. The key annual filing forms for LLP are Form 8 for Statement of Accounts and Solvency and Form 11 for Annual Return. These forms help maintain transparency and legal standing. Even if an LLP has no business transactions, LLP annual filing must still be completed on time to avoid penalties. Proper filing ensures that the LLP remains compliant and avoids legal issues.
Consequences/Penalties of LLP Non Compliance
In case an LLP fails to file annual compliances, there are several consequences of it. Below are some points which LLP needs to know;
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