LLP Form 8 (Statement of Account and Solvency): Due Date, Fees and How to File

An LLP has much less paperwork than a company. It has no board meetings and no AGM. It does have two annual filings with the Ministry of Corporate Affairs (MCA), though, and both are compulsory: Form 11 (the annual return, due by 30 May) and Form 8 (the Statement of Account and Solvency, due by 30 October). This guide covers Form 8.

What Form 8 is

Section 34 of the LLP Act, 2008 requires every LLP to keep proper books of account and, within six months of the end of each financial year, to prepare a Statement of Account and Solvency for that year. The statement must be signed by the designated partners and filed with the Registrar. Rule 24 of the LLP Rules, 2009 says how: it goes in Form 8.

The form does two jobs:

• Solvency declaration: the designated partners state whether, in their view, the LLP will be able to pay its debts in full as they fall due in the normal course of business.
• Accounts: a summary of the LLP's assets, liabilities, income and expenditure for the year.

Once filed, Form 8 is a public document. Anyone can see it on the MCA portal for a small fee, so banks, lenders and possible business partners often check it.

Who must file and by when

Every LLP registered in India must file Form 8, whatever its size or turnover. The obligation also applies if:

• the LLP had no business or turnover during the year;
• it made a loss; or
• it was incorporated during the year. An LLP formed in, say, November 2025 files Form 8 for the period from incorporation to 31 March 2026.

The deadline is within 30 days from the end of six months after the financial year closes (Rule 24). Since every LLP's financial year ends on 31 March, the due date works out to 30 October each year.

MCA sometimes extends this deadline or offers relief from late fees, but only by issuing a general circular. Don't count on one. Check the MCA website for the latest circulars before you plan to file late.

What goes into Form 8

Form 8 has two parts:

1. Part A: Statement of Solvency. Basic details of the LLP (LLPIN, name, registered office), the number of partners and designated partners, and the partners' declaration on solvency. It also records whether the LLP's accounts are audited and gives the auditor's details where they are.
2. Part B: Statement of Account and Income and Expenditure. This includes:
   • partners' contributions and the LLP's reserves;
   • secured and unsecured loans and other liabilities;
   • fixed assets, investments, loans and advances, cash and bank balances;
   • gross turnover, other income and the main heads of expenditure;
   • profit or loss for the year and how it was shared between partners;
   • contingent liabilities, if any.

Before you start, keep these ready: the final balance sheet and profit and loss account for the year, the auditor's report (if the accounts were audited), Digital Signature Certificates of two designated partners, and the professional certifying the form.

Audit and certification

An LLP does not always need an audit. Under Rule 24(8), accounts must be audited by a chartered accountant only if, during the year:

• the LLP's turnover is more than ₹40 lakh, or
• the partners' contribution is more than ₹25 lakh.

An LLP below both limits may skip the audit unless its LLP agreement requires one. In that case, the designated partners certify the accounts. An LLP that has an audit appoints the auditor itself; it does not file ADT-1, which is a company form (see our guide on ADT-1 for companies).

Two other requirements apply to everyone:

• Form 8 must be digitally signed by two designated partners.
• It must also be certified by a practising professional: a chartered accountant, company secretary or cost accountant.

Separately, an LLP whose turnover crosses the Income Tax Act limit may need a tax audit. That is a different audit with its own threshold, and it does not replace the LLP Act audit.

How to file, step by step

1. Close the books for the financial year and finalise the balance sheet and income and expenditure account. Get them audited if the limits above apply.
2. Check that Form 11 is filed. Pending earlier returns or a deactivated designated partner DIN can block or complicate the filing. See whether each designated partner's DIR-3 KYC is up to date.
3. Log in to the MCA V3 portal and open Form 8 under the LLP e-forms. Many details pre-fill from the LLPIN.
4. Fill Part A and Part B using the final accounts. Make sure the figures match the signed financial statements.
5. Attach documents required by the form, such as the audited accounts and auditor's report where applicable, and any optional attachments.
6. Sign and certify. Two designated partners and the practising professional affix their DSCs.
7. Pay the fee online. The system adds any additional (late) fee automatically. Download the challan and keep it on record.

Form 8 is generally approved straight through (STP), so it is taken on record without a Registrar reviewing it first. That makes accuracy your responsibility: a wrong figure stays on the public record until you correct it.

Fees and the cost of filing late

The normal filing fee is small. It depends on the partners' total contribution and ranges from a few tens of rupees for the smallest LLPs to a few hundred rupees for the largest. The exact slab appears in the fee schedule to the LLP Rules and on the MCA fee calculator.

Filing late gets expensive in two ways:

• Additional fee: after 30 October, a fixed additional fee is charged for every day of delay until the form is filed. There is no upper cap, so a few years of missed filings can add up to tens of thousands of rupees per form.
• Penalty: under Section 34(5) of the LLP Act, the LLP and each designated partner can also be penalised for failing to file. The maximum amounts are capped, and Section 76A halves penalties for small LLPs and start-up LLPs.

Repeated failure to file has other consequences too. The Registrar can treat an LLP that has not filed for a long time as defunct and start striking it off. Partners of a non-compliant LLP may also face trouble when they apply to register new entities. If you no longer need the LLP, close it properly rather than letting filings lapse; our annual compliance checklist explains the yearly cycle.

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