Understanding LLP Filing Fees and the ₹100/Day Penalty
Limited Liability Partnerships (LLPs) are subject to strict late filing penalties under the Indian regulatory framework. Since 1 April 2022, the LLP 2nd Amendment Rules 2022 replaced the old flat ₹100/day penalty with a slab-multiplier system based on the total contribution and delay period.
📝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.
🚨Slab-Multiplier Late Fee (from 1 April 2022)
For Small LLPs, the late fee multipliers are significantly lower (1×, 2×, 4×, 6×, 10×, 15×). Beyond 360 days, Form 8 and 11 attract 15× normal fee plus ₹10 per day. For Other LLPs, the multipliers scale steeper (1×, 4×, 8×, 12×, 20×, 30×). Beyond 360 days, Form 8 and 11 attract 30× normal fee plus ₹20 per day. Note: The normal fee is not halved for Small LLPs.
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.