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About LLP ROC Compliances
As per the LLP Act 2008, Limited Liability Partnership is a corporate entity under the jurisdiction of Ministry of Corporate Affairs. Registrar of Companies (ROC) of MOC looks after LLP that it adheres to all rules and regulations i.e., compliances. Any delay in complying with them will attract penalties and punishments.
No. There is no requirement for LLP to conduct Board meetings and Annual General Meetings as it does not include shareholders concept within it.
a. Filing of Annual Returns and Financial Statements via form 11 and 8.
b. Registered office change
c. Increase in Capital contribution
d. DIN changes
e. Partners Appointment
f. Name and Main Objects Alteration
g. Management of Loans and Charges
h. Partner’s Designation changes
i. Event based ROC Filings and Compliances
Limited Liability Partnership has many ROC compliance exemptions. Few of them are below:
a. Flexible Tax Rates
b. Maintenance of Statutory Registrars
c. Maintenance of Minutes Books
d. Non requirement of conducting Board Meeting and Annual General Meeting