Every LLP is required to file details in regarding its financial as well as non financial parameters to the Registrar. Form 11 used for Annual Return of LLP is to be filled within 60 days of closure of financial year. It contains the details of Partners, contributions to the capital, its addresses and change in partners of LLP etc. LLP is also required to file Form 8 which contain the statement of solvency and statement of accounts within a period of 7 months from the closure of Financial Year. The Government fees for filing of Form 8 and Form 11 is Rs. 50/-. Audit for books of accounts of a LLP is not required if the annual turnover does not exceed Rs. 40 lakhs or if the contribution is less than Rs. 25 lakhs.
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