LLP e-Filing – Form 8
LLP e-Filing – Form 8: Every LLP has to file LLP-8 or Statement of Account & Solvency every year. This form has to filed at MCA website
Table of Contents
Contents of eForm LLP-8
LLP-8 or Statement of Account & Solvency has following contents:
Part A : Statement of Solvency
- Statement of Asset and Liabilities
- Declaration of turnover exceeding or not INR 40 Lakhs
- Obligation of contribution exceeding or not INR 25 Lakhs
Part B : Statement of Account
- Statement of Assets and Liabilities as on date
- CONTRIBUTION AND LIABILITIES
- Partner’s Fund
- Liabilities
- ASSETS
- Gross Fixed assets (including intangible assets)
- Investments
- Loans and advances
- Inventories
- Debtors/trade receivables
- Cash and cash equivalents
- Other assets
Statement of Income and Expenditure
- Income / Turnover
- Expenses
- Net Profit or Net Loss (before taxes)
- Profit after Tax
Attachments
- Disclosures under Micro, Small and Medium Enterprises Development Act, 2006 (MSME Disclosure)
- Statement of contingent liabilities not provided for, if any
- Optional attachment(s) if any
INSTRUCTIONS FOR FILLING OF EFORM – 8
- Select ‘Annual’ or ‘Interim’ for information to be provided in statement of Account & Solvency. In case ‘Interim’ is selected, ‘Appendix to statement of account and solvency’ is to be filled in the form.
- Statement of Account & Solvency: This is applicable in case of ‘Annual’ statement of account & solvency.
- The information to be provided in the eForm should be as on March 31 of the year for which the statement is being filed.
- Enter Limited Liability Partnership identification number (LLPIN) or Foreign Limited Liability Partnership identification number (FLLPIN) and click on Pre-Fill button.
- System will automatically display the name, registered office address (in case of LLP) or name, address of principal place of business in India (in case of FLLP) and email ID of the LLP or FLLP. In case there is any change in the email ID, enter the new valid email ID.
- System will also display ‘Total monetary value of obligation of contribution’ as on the date for which the statement is being filed.
- Part A- Select the relevant check boxes.
- Part B- All figures are to be entered in Rupees only. Please convert the figures from crores, millions, lakhs, thousands or hundreds into rupees before entering the figures.
- In case any field is not applicable, zero may be entered.
- Enter the amount of ‘contribution received by all partners’ of LLP. This amount should be same as amount of contribution received as entered in e-Form 11 (Annual Return) in respect of the corresponding financial year.
- In case the LLP or FLLP is filing its first Statement of Account, then zero is to be entered in figures for the previous financial year.
- If any item of Statement of Account does not cover in the heads mentioned in e-Form, those items can be written in Others field, mentioning the nature of item and the amount.
Attachments with LLP e-Filing – Form 8
- Disclosure under Micro, Small and Medium Enterprises Development Act, 2006 is a mandatory attachment.
- In case contingent liabilities exists; Statement of contingent liabilities to be attached.
- Any other information can be provided as an optional attachment.
Digital signature
- The eForm should be digitally signed by minimum two Designated Partners of LLP or Authorised Representatives of FLLP.
- Enter the Designated partner identification number (DPIN) in case the person digitally signing the eForm is DP.
- Enter income-tax PAN in case the person signing the eForm is authorised representative.
Certification
- In case total turnover of the LLP/ FLLP exceeds Rs. 40 lakhs or partner’s obligation of contribution exceeds Rs. 25 lakh, then the eForm should be certified by the auditor of of the LLP/ FLLP. In other cases, the eForm is to be certified by the Designated Partner in case of LLP and by Authorised Representative in case of FLLP.
- Enter the details of person certifying the eForm. Enter the DPIN in case the certificate is given by Designated partner, income tax PAN in case of authorised representative or membership number in case of auditor.
- System shall automatically display the name and address of the designated partner or authorised representative. In case of auditor, these details shall have to be entered.
Professional Certification
- In case the form is certified by a designated partner or authorised representative (i.e. total turnover of the LLP/ FLLP does not exceed Rs. 40 lakhs and partner’s obligation of contribution does not exceed Rs. 25 lakh) then the eForm is to be additionally certified by a practicing professional.
- Select the relevant category of the professional and whether he/ she is an associate or fellow.
- In case the professional is a chartered accountant (in whole-time practice) or cost accountant (in whole-time practice), enter the membership number. In case the practicing professional is a company secretary (in whole-time practice); enter the certificate of practice number. Professional certification in Form 8 includes
- (i) Verification of particulars filled in the forms from the records of the LLP or FLLP as true and correct;
- (ii) Verification that the statement of assets & liabilities and income and expenditure and other documents attached with the forms are true, correct and complete; and (iii) All the required attachment(s) have been completely attached to the forms.
LLP e-Filing – Form 8 MCA eForm
