Every Company incorporated in India must comply with the ongoing government rules and regulations after incorporation; a private company is required to comply with the various laws and provisions under the Companies Act 2013 and rules made there under.
Registrar of Companies (ROC) is the designated authority that deals with administration of Companies Act 2013 and it falls under Ministry of Corporate Affairs. The companies incorporated under the Companies Act, 2013 are mandatory to file various forms, returns and documents with the Registrar of Companies (ROC) in an electronic mode within the prescribed time along with the prescribed fees.
To avoid penalties and fines, it is mandatory to comply with all compliances applicable to your company.
The StartupEase LLP Team shall guide you through all these compliances required to be completed since the incorporation.
LLPs in India must file their Annual Return within 60 days from the end of financial year and Statement of Account & Solvency within 30 days from the end of six months of close of financial year. Unlike Companies, it is compulsory for LLP’s to maintain their financial year, as 1st April to 31st March.
Therefore, LLP annual Filing is due on 30th May and the Statement of Account & Solvency is due on 30th October of each financial year.
If the annual turnover exceeds Rs. 40 lakhs or if the contribution exceeds Rs. 25 lakhs then, LLP’s are not required to audit their accounts.
Business Formation, Routine Compliances, Financial, Secretarial, Direct & Indirect Taxation