WikiMCA
LLP

Form 8

LLP statement of account and solvency. Statement of account and a declaration of solvency.

Who filesEvery LLP.
Governing lawSection 34 of the LLP Act
DueBy 30 October each year.
How it is filedMCA V3.
FeeBased on the contribution slab.
CertificationDesignated partners. Audit where the turnover or contribution crosses the LLP audit threshold.

When to file

  • After the accounts for the year ended 31 March are ready.

Attachments

  • Statement of account
  • Solvency declaration

Steps

  1. Close the books.
  2. Have them audited if the threshold is crossed.
  3. File by 30 October.

Questions

What is the audit threshold?
An LLP whose turnover exceeds ₹40 lakh, or whose contribution exceeds ₹25 lakh, is in the audited class under the LLP Rules. Confirm the figure against the rule before relying on a borderline number.

Not yet verified against the latest textAct + Rules — LLP Act section 34. Audit thresholds should be re-read in the current LLP Rules.