REDUCED ADDITIONAL FEES FOR FILING OF ANNUAL RETURNS OF LLP

REDUCED  ADDITIONAL FEES FOR FILING OF ANNUAL RETURNS OF LLP

The Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009, namely: –

(1) These rules may be called the Limited Liability Partnership (Amendment) Rules,   2022.

(2) They shall come into force with effect from the 01st April, 2022.

(3) All LLPs registered under Limited Liability Act, 2008 have to annually file two forms – Form 11 and Form 8.

Annual Return: Form 11 is to be submitted within 60 days of closure of the financial year i.e 30th May of each year. (Financial year closes on 31st March.)

Statement of Account and Solvency: Form 8 is to be submitted within 30 days from the expiry of six months from the closure of the financial year i.e 30th October of each year.

Before Amendment  if any LLP does not file annual returns timely (on due dates) then additional fees of Rs. 100 per Day was applicable but after amendment following Table of additional fee shall be applicable for delay in filing of forms.

S.NO.PERIOD OF DELAYSSMALL  LLPSOTHER THAN SMALL LLPS
1Upto 15 DaysOne timeOne time
2More than 15 days and upto 30 days2 times of normal filing fees4 times of normal filing fees
3More than 30  days and upto 60 days4 times of normal filing fees8 times of normal filing fees
4More than 60  days and upto 90 days6 times of normal filing fees12  times of normal filing fees
5More than 90 days and upto 180 days10  times of normal filing fees20 times of normal filing fees
6More than 180 days and upto 360 days15  times of normal filing fees30  times of normal filing fees
7Beyond 360 days25 times of normal filing fees for   forms other than form 8 and form 11. For form 8 and form 11, 15 times of normal filing fees plus 10 per day for every day delay  beyond  360 days50  times of normal filing fees for   forms other than form 8 and form 11. For form 8 and form 11, 30  times of normal filing fees plus 20 per day for every day delay  beyond  360 days

For e.g. if any LLP  (whose contribution amount not exceed 1 lakhs )has not filed form-11 for F.Y. 2020-21 and wants to file on 22.04.2022 then LLP no needs to pay additional fees of Rs. 35600 (356100) . The additional fees will be applicable as per above table Rs. 750 (for small LLP , 15 times of normal fees (1550) and Rs. 1500 (other than small LLP 30 times of normal fees (30*50).

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