INTRODUCTION :
Every Limited Liability Partnership (LLP) registered in India must file LLP Form 8 every year. This form is a statutory declaration of the LLP’s financial position and solvency. Timely filing ensures compliance, protects the LLP from heavy penalties, and maintains a clean regulatory record with the Ministry of Corporate Affairs (MCA).
This blog explains the purpose, due dates, documents, consequences of non-filing, and a detailed procedure to help LLPs complete their compliance seamlessly.
What Is LLP Form 8?
LLP Form 8 is the Statement of Account & Solvency that every LLP must file annually with the Ministry of Corporate Affairs. It confirms the financial stability of the LLP and declares that the finances are true as per the books of accounts.
The form consists of two major parts:
1. Statement of Solvency
A declaration by partners that:
- The LLP is capable of meeting its liabilities
- Financial statements are prepared accurately
- No fraudulent activities are undertaken
2. Statement of Accounts
A summary of:
- Assets
- Liabilities
- Income
- Expenditure
- Financial position of the LLP
Who Must File LLP Form 8?
✔ Every LLP registered under the LLP Act, 2008
✔ Even if the LLP has no business activity
✔ Even if the LLP is inoperative or making a loss
✔ Even if the LLP has not opened a bank account
Exemptions do not apply — all LLPs must file Form 8 every year.
LLP Form 8 Filing Due Date (2025)
The annual filing deadline is:
➡️ 30th October of every financial year
For FY 2024–25: Due Date = 30 October 2025
Documents Required for LLP Form 8
The following documents must be prepared:
- Statement of Accounts & Solvency
- Financial statements (Balance Sheet & P/L)
- Disclosure of contingent liabilities
- Details of turnover
- List of partners
- Digital signatures of:
- Designated Partner 1 (DP)
- Designated Partner 2 (DP)
- Chartered Accountant’s certification
- PAN, LLPIN & other basic details
Eligibility & Key Conditions
- Accounts must be prepared as per LLP Act, 2008
- If turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh → Accounts must be audited
- Partners must verify all financial information before signing
- The LLP must maintain proper books of accounts (cash or accrual basis)
Step-by-Step Process for Filing LLP Form 8
Step 1: Prepare Financial Statements
Ensure:
- Books of accounts are complete
- Income/expenditure statements are ready
- Balance sheet is accurate
Step 2: Verify Solvency Position
Partners must examine:
- Assets & liabilities
- Loans & advances
- Payables & receivables
- Whether LLP can pay debts
Step 3: Conduct Internal Approval
Partners review the statements and approve the solvency declaration.
Step 4: Login to MCA Portal
Use the designated partner’s credentials.
Step 5: Fill LLP Form 8 Online
Enter:
- LLP basic details
- Financial data
- Solvency confirmation
- Statement of accounts
- Turnover details
Step 6: Attach Supporting Documents
Upload:
- Financial statements
- CA certificate
- Additional disclosures (if any)
Step 7: Apply Digital Signatures
Required:
- DP1 DSC
- DP2 DSC
- Practicing CA DSC
Step 8: Submit & Pay Filing Fees
Fee depends on LLP contribution.
Penalties for Non-Filing of LLP Form 8
LLPs are subject to the strictest penalty system in India for non-filing.
Penalty: ₹100 Per Day (No Upper Limit)
This continues until Form 8 is filed.
Consequences include:
- Massive penalty accumulation
- Inability to file LLP Form 11 (annual return)
- Partners become personally liable
- MCA may mark LLP as “Defaulter”
- Prosecution under the LLP Act
- Possible strike-off action
Why LLP Form 8 Filing Is Important
✔ Mandatory Compliance
Form 8 is compulsory every year, irrespective of business activity.
✔ Builds Financial Credibility
Shows the LLP maintains proper accounting and governance standards.
✔ Avoids Heavy Penalties
Timely filing prevents ₹100/day fines.
✔ Required for Loans, Contracts & Tenders
Banks and vendors often ask for compliance records.
✔ Helps During Restructuring/Exit
Clean compliance history is essential for:
- Change of partners
- Conversion
- Closure
- Business sale
Common Mistakes Made by LLPs
❌ Not preparing accounts on time
❌ Assuming no business activity means no filing
❌ Missing DSC renewals
❌ Incorrect financial entries
❌ Uploading incomplete attachments
❌ Filing after the deadline and facing huge penalties
FAQ — LLP Form 8 Filing
1. Is Form 8 mandatory even for zero-business LLPs?
Yes. All LLPs must file Form 8 every year.
2. What is the difference between Form 8 and Form 11?
- Form 8 = Statement of Accounts & Solvency (financials)
- Form 11 = Annual Return (partner details)
3. Can penalties be waived?
No. MCA strictly enforces ₹100/day penalties.
4. Do LLPs require audit before filing Form 8?
Audit is required only if:
- Turnover > ₹40 lakh OR
- Contribution > ₹25 lakh
5. Who signs LLP Form 8?
- Two Designated Partners
- Practicing Chartered Accountant
Conclusion
LLP Form 8 is one of the most crucial annual compliance filings for every LLP in India. Filing it accurately and on time helps maintain legal status, avoid penalties, and build a strong financial reputation. Businesses should finalize accounts well before the due date and ensure all digital signatures and supporting documents are in place.
For a stress-free filing experience, LLPs often choose to outsource compliance to professional service providers like Saving Mantra, ensuring timely submission and complete accuracy.