LLP Form 8 Late Fee — 2022 Slab-Multiplier System
Form 8 is the Statement of Account and Solvency that every Limited Liability Partnership must file within 30 days from the end of six months of the financial year (i.e. by October 30 each year). Under the LLP 2nd Amendment Rules, 2022, the additional filing fee is calculated using a slab-multiplier system based on the delay period.
Small LLPs pay additional fees ranging from 1× to 15× the normal fee, while other LLPs pay between 1× and 30× the normal fee. For delays exceeding 360 days, an additional surcharge of ₹10/day (for Small LLPs) or ₹20/day (for other LLPs) is added.
LLP Form 11 Penalty — Annual Return Filing Due May 30
LLP Form 11 is the Annual Return of the partnership, which must be submitted to the Registrar within 60 days of the close of the financial year (meaning the due date is May 30 each year). The additional fee for delayed filing of Form 11 follows the same slab-multiplier system.
This late fee is paid directly on the portal. Designated partners must ensure timely filing to avoid deactivation of DPINs and potential prosecution under the LLP Act, 2008.
What Happens If LLP Does Not File for 2+ Years?
If an LLP fails to file Form 8 and Form 11 for two or more consecutive financial years, the Registrar of Companies (ROC) is empowered to strike off the name of the LLP from the register under Rule 37A of the LLP Rules. Additionally, the LLP cannot be closed voluntarily or transformed into a company unless all pending annual returns are filed first.