Penalties Pertaining to Compliance requirements
|
S.
No. |
Particulars |
Fine
Amount |
|
Penalties Pertaining to
Procedural/ Compliance requirements |
||
|
6 |
If during incorporation, a person provides details that he knows
to be false or does not believe to be true |
Such person shall be liable to imprisonment up to 2 years along
with a fine not less than |
|
7 |
If the LLP fails to inform the registrar about change in place
of the registered office |
LLP and every partner shall be punishable with a fine not less
than |
|
8 |
If a company does not comply with the LLP naming guidelines and
the central govt. directs such LLP to change its name with a prescribed
period or 3 months if nothing has be prescribed. |
The LLP shall be punishable with a fine not less than |
|
9 |
If any person(s) operates a business with the words
“LLP” or “Limited Liability Partnership” as a part of
its title without duly incorporating it as an LLP |
Such person shall be punishable with a fine not less than |
|
10 |
If an LLP fails to mention its name, details of registered
office, registration number and statement that it is registered with limited
liability on all its invoices, official correspondence and publications |
The LLP shall be punishable with a fine not less than |
|
11 |
If an LLP fails to maintain proper books of accounts and fails
to prepare and submit a statement of account and solvency within 6 months
from the end of each financial year. |
The LLP shall be punishable with a fine not less than |
|
12 |
If an LLP fails to file its annual return with the registrar
within 60 days from the end of the financial year |
The LLP shall be punishable with a fine not less than |
