Thursday, May 3, 2018

NON-FILING OF LLP-11 (Annual Return) after 30th May 2018 will entail a penalty of Rs 100/= per day.



NON-FILING OF LLP-11 (Annual Return) after 30th May 2018 will entail a penalty of Rs 100/= per day.

.rvsekar fema , corporate law , insolvency law consultant 09848915177 rvsekar2007@gmail.com

What the Law Says ?

An LLP is required to file form LLP 11 (Annual Return) within sixty days of financial year ending. Since 31st March 2018 is the financial year end of all the LLPs , all the LLPs have to file the Form LLP-11 on or before 31st May 2018.

.rvsekar fema , corporate law , insolvency law consultant 09848915177 rvsekar2007@gmail.com


How Much Penalty is to be paid for non-compliance?

If form LLP-11 is not filed on or before 31st May 2018 , then a penalty of Rs 100/= per day is payable until the compliance is made in this regard. If delay continues , the amount of fine may be higher if form LLP-11 is not filed in time.
You are advised to file the Form LLP-11 on or before 31st March 2018 to avoid the penalty payment .

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