LLP: Form 11 (Annual Return of Limited Liability Partnership

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Sid

N/A

40 Points Posted on 23 May 2011

I incorporated my LLP on 11/March/2010, so I didnt need to file these forms last year (but need to now):

Form 8 - Statement of Account & Solvency

Form 11 - Annual Return of Limited Liability Partnership

My LLP was incorporated with INR 50,000 worth of services each from two partners, and we did not conduct any business / generate any income in the financial year.

I am trying to fill out Form 11 - item 11 "*Obligations of the partners to contribute"

Sr.No.	Name of Partne	Obligation and form of contribution	Contributions received and accounted for (in `)

but I'm not clear on what I have to fill out here. If I leave it blank, I get an error:

"Invalid Value: Contribution. Please enter amount greater than zero."

If I fill out each partner's name and amount of INR 50,000, the Check form button gives an error:

"Totalcontribution received from partners should not exceed contribution of LLP."

I dont understand what the issue is and why its giving this error. Nowhere in the form does it ask me to specify the "contribution of the LLP".

Attached File : 567409 721803 llp form11 item 11 error.pdf downloaded: 767 times

Replies (3)

Sid

N/A

40 Points Posted on 23 May 2011

Okay - I solved the problem. I needed to press the "Pre-Fill" button up top in the electronic form.

I'm looking for clarity from the people here on the question: Is it correct for me to state each partner's name and an amount of INR 50,000 each?

The form's internal checks allow that but does it correctly reflect the reality that no new investments were made into the LLP, nor was any income produced?

u cannot change your contribution in a LLP theres a seperate procedure for that.....your contribution amount in the deed and in the form should be the same....Form 8 or Form 11 has a P/L account in it, that refelects the reality of your LLP

Priyanka mandowara

PROPRIETR

22 Points Posted on 27 August 2013

While filling annual return Form 11 of LLP. We have facing a problem our LLP have four partner including one partner is type of foreign body corporate. in Form 11 prefill option does not allow to write and fill up word due to database problem in LLP Portal. Please suggest how we can fill the information of body corporate partner.

CA Priyanka Mandowara