Understanding LLP Filing Fees and the ₹100/Day Penalty
Limited Liability Partnerships (LLPs) are subject to some of the strictest late filing penalties under the Indian regulatory framework. While private limited companies enjoy a multiplier-based penalty cap for many forms, LLPs face an aggressive and uncapped penalty regime.
📝Normal Base Fees
The normal filing fee for an LLP form depends entirely on the total capital contribution of the LLP. It starts as low as ₹50 for LLPs with contributions up to ₹1 Lakh, and caps at ₹600 for LLPs with contributions exceeding ₹1 Crore.
🚨The ₹100/Day Rule
Almost every statutory form, including the crucial Form 11 (Annual Return) and Form 8 (Statement of Accounts), attracts a flat, uncapped penalty of ₹100 per day. A delay of one year results in a massive ₹36,500 penalty per form.
Key LLP Forms and Their Due Dates
- Form 11 (Annual Return): Must be filed within 60 days of the closure of the financial year (i.e., by 30th May every year).
- Form 8 (Statement of Account & Solvency): Must be filed within 30 days from the end of 6 months of the financial year (i.e., by 30th October every year).
- Form 3 (LLP Agreement): Must be filed within 30 days of the date of incorporation or within 30 days of any subsequent changes to the agreement.