What we do
Our work in this practice group is structured around the records, deadlines, and decisions involved:
- Timely preparation and electronic submission on the MCA V3 portal before the statutory 30th October due date.
- Prevention of heavy recurring late penalties under the LLP Act.
- Accurate finalization and mapping of balance sheet and profit & loss figures into MCA format.
- Professional review and execution of the Statement of Solvency by Designated Partners.
- Statutory audit and CA certification support for LLPs crossing prescribed turnover or contribution limits.
- Reconciliation with previous Form 11 annual return and GST/Income Tax portal figures.
- Peace of mind with complete compliance documentation and downloadable SRN acknowledgements.
How the engagement works
Under Section 34(2) and Section 34(3) of the Limited Liability Partnership Act, 2008 read with Rule 24 of the LLP Rules, 2009, every LLP must prepare and file Form 8 within 30 days from the end of six months of the financial year (i.e., on or before 30th October). The Statement of Account & Solvency must be signed by the designated partners of the LLP. Furthermore, if the turnover of the LLP exceeds ₹40 Lakhs or its capital contribution exceeds ₹25 Lakhs in the financial year, the accounts must be audited and certified by an independent Chartered Accountant in practice. Non-filing or delayed filing of Form 8 attracts significant recurring additional fees per day and exposes designated partners to penal liabilities.
Scenario 1: An active LLP needs to finalize its financial statements and file its Statement of Account & Solvency (Form 8) before the October 30 deadline.
Scenario 2: An LLP with turnover exceeding ₹40 Lakhs or partner contribution above ₹25 Lakhs requires statutory audit verification and CA digital certification for Form 8.
Scenario 3: An LLP seeks professional reconciliation between its audited trial balance, GST sales/ITC ledgers, and MCA financial disclosures.
Scenario 4: An LLP has multiple designated partners holding digital signatures (DSC) and needs assistance with digital pre-scrutiny and DSC authentication on the MCA V3 portal.
Scenario 5: A business entity looking to raise bank credit, apply for tenders, or onboard institutional partners requires clean, certified MCA records and updated Form 8 filings.
Financial Statements Finalization & Scrutiny
We review your trial balance, bank statements, ledger balances, and finalize the Statement of Assets & Liabilities and Statement of Income & Expenditure in accordance with LLP accounting standards.
Statement of Solvency Verification
We assist designated partners in evaluating current liabilities, working capital position, and debt obligations to prepare the formal Statement of Solvency declaration.
Threshold Audit & Certification Review
We check whether the LLP crosses the statutory audit thresholds (turnover > ₹40 Lakhs or contribution > ₹25 Lakhs) and coordinate the mandatory CA audit certificate.
Form 8 MCA V3 Drafting & Pre-scrutiny
We draft e-Form 8 on the MCA portal, attach audited financial statements, partner disclosures, and perform technical pre-scrutiny validation.
Digital Signatures (DSC) Authentication
We coordinate digital signature attachment from designated partners and the certifying Chartered Accountant.
Filing, Challan Generation & SRN Tracking
We submit the form, facilitate statutory MCA fee payment, and deliver the permanent Service Request Number (SRN) filing acknowledgement.
Step-by-step process
Step 1: Financial Records & Trial Balance Collection
We collect your accounting books, bank statements, loan schedules, asset depreciation registers, and previous year filing records.
Step 2: Accounts Finalization & Statutory Reconciliation
We reconcile accounts with ITR and GST returns, finalize financial statements, and verify disclosure requirements under the LLP Act.
Step 3: Partner Solvency Review & CA Certification
Designated partners review and sign the Solvency declaration; independent practicing CA conducts audit and signs the certificate where applicable.
Step 4: MCA Portal Filing & DSC Affixation
Form 8 is uploaded to the MCA V3 portal, digitally signed using registered DSCs of designated partners and CA, and statutory fees are paid.
Step 5: SRN Delivery & Compliance Handover
We download the official filing challan and approval receipt, updating the LLP’s statutory records.
Key deliverables & outputs
General questions
01What is LLP Form 8?
LLP Form 8 is the Annual Statement of Account & Solvency filed with the MCA under Section 34 of the LLP Act, 2008. It includes the LLP’s balance sheet, profit and loss account, and a formal solvency declaration signed by designated partners.
02What is the due date for filing LLP Form 8?
Form 8 must be filed within 30 days from the end of six months of the financial year—which is on or before 30th October of every year for financial years ending on 31st March.
03Is audit mandatory for all LLPs filing Form 8?
No. Audit by a practicing Chartered Accountant is mandatory only if the LLP’s turnover in the financial year exceeds ₹40 Lakhs or if the partners’ capital contribution exceeds ₹25 Lakhs. For LLPs below both thresholds, audit is optional, but designated partner certification is still required.
04What is the difference between LLP Form 11 and LLP Form 8?
Form 11 is the Annual Return of the LLP (due by 30th May) containing details of partners, management changes, and contribution summary. Form 8 is the Statement of Account & Solvency (due by 30th October) containing detailed financial statements, balance sheet, and solvency declarations.
05What are the consequences of not filing Form 8 on time?
Filing Form 8 past the due date attracts significant per-day late fees under the LLP Act. Prolonged delay can also result in ROC notice issuances, disqualification of designated partners, and inability to file other statutory forms or close the LLP.
06Can Form 8 be filed for a dormant or zero-turnover LLP?
Yes. Even if an LLP has not commenced operations or had zero revenue during the financial year, filing Form 8 is legally mandatory as long as the entity remains active on the MCA register.