What is total contribution received by all partners of the LLP?

Digital Signature of Both Designated Partners and knowledge of basic details of the LLP. If the total contribution of partners of LLP exceeds Rs. 50 Lakhs or Turnover of LLP exceeds Rs. 5 Crore, certification by Practicing Company Secretary will be Mandatory.

What is obligation of contribution in LLP?

As per the LLP Act, 2008, the obligation to contribute money, property or benefits for LLP shall be as per the LLP agreement implemented at the time of incorporation of the LLP. Such a partner will be ranked equal to the creditors of the LLP.

What is the minimum contribution in LLP?

No. There is no minimum amount prescribed to form an LLP in India. It can be started with any amount of capital demanded by the business. Although there is no minimum requirement, every partner must make a contribution financially to form LLP.

What is the use of Form 11?

Form 11 is used for the declaration of an employee for both provident fund and pension scheme. Any individual taking up employment in an organization in which the Employees’ Provident Fund and Family Pension Scheme are in force has to fill this form as a mandate.

What is total contributed capital?

Contributed capital, also known as paid-in capital, is the cash and other assets that shareholders have given a company in exchange for stock. The total amount of contributed capital or paid-in-capital represents their stake or ownership in the company.

What is form-11 form for LLP?

Certification to Form-11 by a company secretary in whole-time practise is mandatory in case the total obligation of the contribution of partners of the LLP exceeds Rs. 50 lakhs or turnover of LLP exceeds Rs. 5 crores. Form -11 should be digitally signed by the designated partner of the LLP.

What is form – 11?

Form – 11 is Annual Return Form which includes the details of Partner along with the Total Contribution received by all Partners, details of partner such as Address of Partner their Appointment, Nationality and such other things which is shown in below images.

How to file form-11 – annual return of LLC?

Below is the 20 step guide on how to file Form-11: Step 1: Go to www.mca.gov.in, then on the top menu bar click on ‘Forms and downloads’. Then below screen will appear Step 2: Click on ‘LLP Forms Downloads’. From the list of forms, download ‘Form-11 – Annual Return of Limited Liability Partnership (LLP)’. Now open the eForm.

How to upload LLP form 11 on MCA portal?

Before uploading the form be sure that professional and designated partner whose digital signature are affixed on form, are registered on MCA portal also. After login, click on upload e-Form button as shown in below image. On next page, you will be asked to upload the LLP form 11. Select your form and hit on upload button.