LLP - REGISTRATION - HYDERABAD
  • Meaning
  • Key Features of LLP
  • Advantages of LLP
  • Comparison
  • LLP Formation Steps
  • Sellecting LLP Name
  • Conversion into LLP
  • Penalties
    • procedural penalties
  • Registration-Hyderabad

Penalties Pertaining to Compliance requirements 

llp firm penalties

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 INR10,000 up to INR 5,00,000

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 INR2,000 up to INR 25,000

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 INR10,000 up to INR 5,00,000 and every partner shall be punishable with a fine not less than INR10,000 up to INR 1,00,000.

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 INR50,000 up to INR 5,00,000.

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 INR2,000 up to INR 25,000

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 INR25,000 up to INR 5,00,000 and every partner shall be punishable with a fine not less than INR10,000 up to INR 1,00,000.

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 INR25,000 up to llp registration hyderabad, how to register llp firm in hyderabad, llp firm registration consultants, llp consultants, firm registration services in hyderabad