| DUE DATES | FORM FILING |
| 30th May | Form 11 (Annual Return) |
| 31st July | Income Tax return (No Audit case) |
| 30th September | Income Tax return (Audit case) |
| 30th October | Form 8 (Statements of Accounts and solvency) |
The due date to file the Statement of Account and Solvency in Form 8 with the Registrar is within a period of thirty days from the end of six months of the financial year to which the Statement of Account and Solvency relates. For example, for the financial year ending on 31.03.2024, the due date for filing Form 8 will be 30.10.2024.
(a) Limited Liability Partnership whose contribution does not exceed Rs. 1 lakh | Rs. 50 |
(b) Limited Liability Partnership whose contribution exceeds Rs. 1 lakh but does not exceed Rs. 5 lakhs | Rs. 100 |
(c) Limited Liability Partnership whose contribution exceeds Rs. 5 lakhs but does not exceed Rs. 10 lakhs | Rs. 150 |
(d) Limited Liability Partnership whose contribution exceeds Rs.10 lakhs but does not exceed Rs. 25 lakhs | Rs. 200 |
(e) Limited Liability Partnership whose contribution exceeds Rs. 25 lakhs but does not exceed Rs. 1 Crore | Rs. 400 |
(f) Limited Liability Partnership whose contribution exceeds Rs. 1 Crore | Rs. 600 |
Limited liability partnership whose turnover does not exceed, in any financial year, forty lakh rupees, or whose contribution does not exceed twenty-five lakh rupees shall not be required to get its accounts audited.
Such LLP shall include in the Statement of Account and Solvency a statement by the partners to the effect that the partners acknowledge their responsibilities for complying with the requirements of the Act and the Rules with respect to preparation of books of account and a certificate in the form specified in Form 8.
The designated partners may appoint an auditor or auditors-
(a) at any time for the first financial year but before the end of the first financial year,
(b) at least 30 days prior to the end of each financial year (other than the first financial year),
(c) to fill a casual vacancy in the office of auditor, including in the case when the turnover or contribution of a limited liability partnership exceeds the limits specified under sub-rule (8), or
(d) to fill up the vacancy caused by removal of an auditor.
Form 11- Annual Return of Limited Liability Partnership
Every limited liability partnership shall file an annual return duly authenticated, with the Registrar in such form and manner and accompanied by such fee as may be prescribed.
The due date to file Form 11 is within 60 days of closure of financial year.
In case the LLP does not file the form within the prescribed due date, then in addition to the normal filing fees, late filing fees of INR 100/- for every day of such delay shall be payable.
Cases | Due date of AGM |
Company incorporated on or before 31st December | 31st December subsequent year (9 month from the date of closing of first financial year) |
Company incorporated after 31st December | 30th September after the next year (Not mandatory to hold AGM in the first year of incorporation) |
All other cases | 30th September subsequent year (6 month from the date of closing of financial year) |
Every company other than a One Person Company shall in each year hold in addition to any other meetings, a general meeting as its Annual General Meeting and shall specify the meeting as such in the notices calling it, and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next.
Provided that in case of the first annual general meeting, it shall be held within a period of nine months from the date of closing of the first financial year of the company and in any other case, within a period of six months, from the date of closing of the financial year :
Provided further that if a company holds its first annual general meeting as aforesaid, it shall not be necessary for the company to hold any annual general meeting in the year of its incorporation:
Every annual general meeting shall be called during business hours, that is, between 9 a.m. and 6 p.m. on any day that is not a National Holiday and shall be held either at the registered office of the company or at some other place within the city, town or village in which the registered office of the company is situated.
Provided that annual general meeting of an unlisted company may be held at any place in India if consent is given in writing or by electronic mode by all the members in advance:
A general meeting of a company may be called by giving not less than clear twenty-one days’ notice either in writing or through electronic mode in such manner as may be prescribed.
Provided that a general meeting may be called after giving shorter notice if consent in writing or by electronic mode, is accorded thereto by not less than 95% of the members entitled to vote.
Every notice of a meeting shall specify the place, date, day, and the hour of the meeting and shall contain a statement of the business to be transacted at such meeting.
The notice of every meeting of the company shall be given to—
(a) every member of the company, legal representative of any deceased member or the assignee of an insolvent member.
(b) the auditor or auditors of the company; and
(c) every director of the company.
Any accidental omission to give notice to, or the non-receipt of such notice by, any member or other person who is entitled to such notice for any meeting shall not invalidate the proceedings of the meeting.
Any business which is required to be transacted at an annual general meeting or other general meeting of a company by means of an ordinary or special resolution, it shall be sufficient if, in case of One Person Company, the resolution is communicated by the member to the company and entered in the minutes-book required to be maintained under section 118 and signed and dated by the member and such date shall be deemed to be the date of the meeting for all the purposes under this Act.
Every company shall hold the first meeting of the Board of Directors within thirty days of the date of its incorporation and thereafter hold a minimum number of four meetings of its Board of Directors every year in such a manner that not more than one hundred and twenty days shall intervene between two consecutive meetings of the Board.
The participation of Directors in a meeting of the Board may be either in person or through video conferencing or other audio visual means, as may be prescribed, which are capable of recording and recognising the participation of the Directors and of recording and storing the proceedings of such meetings along with date and time.
A meeting of the Board shall be called by giving not less than seven days’ notice in writing to every director at his address registered with the company and such notice shall be sent by hand delivery or by post or by electronic means.
Provided that a meeting of the Board may be called at shorter notice to transact urgent business subject to the condition that at least one independent director, if any, shall be present at the meeting. In case of absence of independent Directors from such a meeting of the Board, decisions taken at such a meeting shall be circulated to all the Directors and shall be final only on ratification thereof by at least one independent director, if any.
A One Person Company, small company and dormant company shall be deemed to have complied with the provisions of this section if at least one meeting of the Board of Directors has been conducted in each half of a calendar year and the gap between the two meetings is not less than ninety days. If an OPC has only one director on its Board of Directors, it is exempt from the requirement of conducting board meetings.
Where there is only one director on the Board of Director of a One Person Company, any business which is required to be transacted at the meeting of the Board of Directors of a company, it shall be sufficient if, in case of such One Person Company, the resolution by such director is entered in the minutes book required to be maintained under section 118 and signed and dated by such director and such date shall be deemed to be the date of the meeting of the Board of Directors for all the purposes under this Act.
Every company shall, at the first annual general meeting, appoint an individual or a firm as an auditor who shall hold office from the conclusion of that meeting till the conclusion of its sixth annual general meeting and thereafter till the conclusion of every sixth meeting.
The first auditor of a company, other than a Government company, shall be appointed by the Board of Directors within thirty days from the date of registration of the company and in the case of failure of the Board to appoint such auditor, it shall inform the members of the company, who shall within ninety days at an extraordinary general meeting appoint such auditor and such auditor shall hold office till the conclusion of the first annual general meeting.
Every company shall file its annual return in Form No.MGT-7 except One Person Company (OPC) and Small Company. One Person Company and Small Company shall file annual return from the financial year 2020-2021 onwards in Form No.MGT-7A.
Every company shall file with the Registrar a copy of the annual return, within sixty days from the date on which the annual general meeting is held.
In case the company does not file the form within the prescribed due date, then in addition to the normal filing fees, late filing fees of INR 100/- for every day of such delay shall be payable.
Applicable Classes of Companies:
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Choose the service you are interested in.
Our Expert will provide a free consultation over the phone.
Complete a brief form and share the form with us.
Providing necessary documents to the client for their review and signature placement.
Get regular updates on the progress of compliance activities
Share required documents as indicated in the questionnaire
Pay professional fees post-incorporation
We ensure the timely filing of ROC forms while complying with all statutory requirements.
We value your feedback as it helps us better understand and serve our clients.
