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LLP COMPLIANCE REPORT ANNUAL FILING OF FORM 8 TO BE FILED ON 30th OCTOBER

PROVISION:

Section 34 of The Limited Liability Partnership Act, 2008 requires every LLP to prepare a Statement of Account and Solvency within a period of six months from the end of financial year and in accordance with the Limited Liability Partnership Rules, 2009 such Statement of Account and Solvency is required to be filed in Form 8 with the Registrar within a period of thirty days from the end of six months of such financial year.
Accordingly, for the previous Year ending, the last date of filing Form 8 with the Registrar is 30th October of Current Year.
PENALTY PROVISIONS:

Non filing of such Statement of Account and Solvency within above prescribed time attracts late filing fees of Rs.100/- per day till the default continues.

In addition to the above late filing fees, following penalties may also be imposed: 

Particulars
Fine Imposable
LLP
Fine not less than Rs.25,000/- which may extend to Rs.5,00,000/-.
Every Designated partner of LLP
Fine not less than Rs. 10,000/- which may extend to Rs.1,00,000/-


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