Form 8 - LLP (Statement of Account & Solvency)
Declaration: (Nil Value)
………………………… LLP
LLPIN:
Address:
Email Id:
Contact Number:
DISCLOSURE UNDER MICRO, SMALL AND MEDIUM ENTERPRISES DEVELOPMENT
ACT, 2006
We the Designated Partner of ……… ………… LLP, (LLPIN – ……….),
do hereby declare that:
1. The Principal amount and the interest due thereon;
remaining unpaid to any supplier as at the end of
accounting year; NIL
2. The amount of interest paid by the buyer in terms of section 18, along with the
amounts of the payment
made to the supplier beyond the appointed day during accounting year; NIL
3. The amount of interest due and payable
for the period of delay in making payment (which have been paid but beyond the appointed day during the year) but without adding
the interest specified under this Act; NIL
4. The amount of interest accrued
and remaining unpaid
at the end of accounting year; NIL
and
5. The amount of further interest
remaining due and payable even in the succeeding years, until such date when the interest
dues as above are actually
paid to the small enterprise, for the purpose of disallowance as a deductible expenditure under section
23 is NIL
Designated Partner / Designated Partners
Date: ………….. Name Name
(Prepared by Lalit Rajput,
Practicing Company Secretary, available at +91 8802581290 (W) and lalitrajput537@gmail.com)
The term “LPO” refers to a Limited Partnership. In many states, an LPO may be formed as part of a corporation or LLC structure. An LPO can also be formed as an individual company or partnership. An LPO can provide coverage for certain types of risks associated with business operations, such as financial loss and legal risk.
ReplyDeleteLLP annual compliance is essential to maintain legal standing and avoid penalties. LLPs in India are required to file their annual returns (Form 11) and statement of accounts and solvency (Form 8) with the Registrar of Companies each financial year. Additionally, if turnover exceeds Rs. 40 lakh or if the partner’s contribution is above Rs. 25 lakh, an LLP must also undergo an audit. These filings ensure transparency and reflect the LLP’s financial health. Keeping up with compliance helps build credibility, fosters trust with stakeholders, and enables LLPs to focus on growth without legal hassles.
ReplyDeleteLLP annual compliance is essential to maintain legal standing and avoid penalties. LLPs in India are required to file their annual returns (Form 11) and statement of accounts and solvency (Form 8) with the Registrar of Companies each financial year. Additionally, if turnover exceeds Rs. 40 lakh or if the partner’s contribution is above Rs. 25 lakh, an LLP must also undergo an audit. These filings ensure transparency and reflect the LLP’s financial health. Keeping up with compliance helps build credibility, fosters trust with stakeholders, and enables LLPs to focus on growth without legal hassles.
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