Relaxation in fees for delay in Form 11

Relaxation in fees for delay in Form 11 is provided by Ministry of Corporate Affairs.

MCA provides relaxation in additional fees for delay in filing Form 11 by LLP up to 30th June 2022

Form 11 is an Annual return that is to be filled by all LLPs irrespective of turnover during the year. Even when an LLP does not carry out any operations or business during the financial year, Form 11 needs to be filed. Apart from Basic information about Name, Address of LLP, details of Partners/ Designated Partners, other details that need to be declared are :

• Total contribution by/to partners of the LLP
• Details of notices received towards Penalties imposed / compounding offenses committed during the financial year

Pre-requisites:

• LLPIN (Limited Liability Partnership Identification number) allotted to the LLP is needed to pre-fill the basic data.
• Declaration about contribution/sums received by all the partners of the LLP
• 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).
• Get DSC of your Designated Partner ready

What are the Documents to be submitted along with Form 11?

• Details of LLP and/ or company in which partners/ designated partners (DP) are directors/ partners (It is mandatory to attach these details in case any partner/ DP is a partner in any LLP and/ or director in any other company)
• Any other information can be provided as an optional attachment to this e-Form.

POINTS TO BE NOTES WHILE FILING ANNUAL RETURN FOR LLP:

• Using the pre-scrutiny button available on the Form can help validate the data entered. This will help in processing the data error-free (Without mistakes).
• Wherever figures are declared in the forms, these must be entered as they stand on 31st March.
• Details of LLP and/ or company in which partners/ designated partners( DP) is/are directors/ partner. (It is mandatory to attach this detail in case any partner/ DP is a partner in any LLP and/ or director in any other company).
• The e-form needs certification of a practicing Company Secretary 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

MCA provides relaxation in additional fees for delay in filing Form 11 by LLP upto 30th June 2022

MCA has received representation seeking extension on timelines for filing the Annual Return (Form 11) by LLPs without paying additional fees. In view of transition from version-2 of MCA-21 to version-3 and to promote compliance on part of LLPs, it has been decided to allow LLPs to file e-Form 11 (Annual Return of Limited Liability Partnership) for the Financial Year 2021-2022 without paying additional fees up to 30th June, 2022.