Form 8 is a document related to Limited Liability Partnerships (LLPs) in India. It is used for the filing of a statement of account and solvency by LLPs. This form is required to be filed annually with the Registrar of Companies (RoC) in India. Form 8 contains information about the financial position of the LLP, including details of its assets and liabilities.
Here’s a general outline of the information typically included in Form 8 for LLPs:
- LLP Identification: Information about the LLP’s name, LLPIN (LLP Identification Number), and the financial year to which the statement of account and solvency relates.
- Statement of Assets and Liabilities: This section includes details of the LLP’s assets, such as fixed assets, current assets, and cash and bank balances. It also includes information on liabilities, such as secured loans, unsecured loans, and other liabilities.
- Statement of Income and Expenditure: This section provides information on the LLP’s income, including revenue from operations and other income. It also includes details of the LLP’s expenditures, such as operating expenses and finance costs.
- Partners’ Contribution: Information about the partners’ contribution to the LLP.
- Statement of Changes in Partners’ Capital: Any changes in the partners’ capital during the financial year are recorded here.
- Statement of Schedules: This section may include additional schedules and notes related to the LLP’s financial position and transactions.
The LLP Form 8 is an important compliance requirement for LLPs in India. LLPs are required to file this form with the RoC within 30 days from the end of the financial year to which it pertains. It is essential for maintaining transparency and ensuring that the LLP is in compliance with statutory requirements. It also provides information about the LLP’s financial health and solvency, which is useful for stakeholders and regulators. Please note that specific requirements and due dates for filing Form 8 may change, so it’s important to refer to the latest regulations and guidelines provided by the Ministry of Corporate Affairs in India.