Stay penalty-proof, partner-approved, and ROC-ready—Finance Shelter keeps your LLP 100 % compliant.
Picture this…
It’s 29 May. Form 11 (Annual Return) is due tomorrow. MCA portal is crawling, your books aren’t closed, and designated partners haven’t finished their KYC. Each missed day now costs ₹100 per form and could end in partner disqualification.
Fast-forward to the Finance Shelter reality: Form 11 went through two weeks ago, Form 8 is already lined up for October, every DP has an active DIN, and the late-fee counter stays at ₹0.
1. Why Annual Compliance Isn’t Optional
- Law on the clock – Forms 11 & 8 and DP-KYC are mandatory under the LLP Act; fines accrue daily.
- Bank & tender credibility – Lenders and procurement portals refuse entities with MCA flags.
- Director DIN safety – Missed KYC freezes DIN; partners can’t sign anything, anywhere.
- Investor confidence – Clean filings signal governance and financial discipline.
2. What Must Be Filed (and When)
- Form 11 | Annual Return
Partners & cap-table snapshot. Due 60 days after FY end (≈ 30 May). - Form 8 | Statement of Accounts & Solvency
Balance sheet + P&L + solvency declaration. Due 30 days after six months from FY end (≈ 31 Oct). - DIR-3 KYC / Web-KYC
Each designated partner confirms identity & contact. Due 30 Sep yearly.
Miss a date and penalties snowball; MCA late fee can easily cross ₹1 lakh within a year.
3. Finance Shelter’s “LLP-Guard” Protocol
- Deadline Radar – We tag your LLP on our compliance engine; reminders fire 45-30-15 days out.
- Docs & Books Sprint – Pull ledgers, bank download, board minutes; prep financials under Schedule III.
- E-Form Precision – Validate, pre-scrutinise & digitally sign Forms 11, 8, and DIR-3; file with MCA.
- Status Check – Track SRNs till “Approved”; push for resubmission within 24 h if queried.
- Audit-Ready Vault – All acknowledgements, signed PDFs, challans stored in your encrypted dashboard.
Fastest record: 48 minutes from upload of ledgers to Form 11 approval.
4. Pitfalls We Neutralise
- Wrong contribution figures—triggers Form 11 resubmission & fresh fee.
- Uploading Form 8 without DSC of both designated partners—marked “defective”.
- Ignoring partner KYC—DIN deactivates, halting future filings.
- Mis-sync with GST books—statutory mismatch flags during assessments.
Our 40-point checklist makes sure none of these happen.
5. Success Snapshots
- Consulting LLP – ₹2.4 lakh late fees waived via Condonation of Delay, closed in 14 days.
- Fin-services LLP – Full FY22 filings + three prior years’ backlog cleared before investor due-diligence.
- Prop-tech LLP – Scalability play: automated reminders for 230+ partners’ KYCs; 100% DINs active.
