How to file LLP form 3 online?

An LLP must file form 3 within 30 days of incorporation to avoid penalties. For that, we have mentioned step-by-step details below to file form 3 online;

• Step 1: Login to MCA Portal with your credentials.
• Step 2: Go to the LLP forms and download LLP form 3.
• Step 3: Enter the details such as LLP details, Partner Information, Profit-sharing ratio, Capital Contribution, and Business activities.
• Step 4: Attach the necessary documents like LLP agreement, Stamp Duty Proof, and other required documents.
• Step 5: Login to the MCA portal, go to ‘Upload E-Forms’, and submit the completed form.
• Step 6: Pay the fees according to the LLP’s Contribution amount.
• Step 7: After submission, a Service Request Number is generated for tracking.
• Step 8: If there is no error and all details are correct, then MCA will approve the forms and update the LLP records.

Registration fee for LLP form 3

The fee of filing LLP form 3 depends on the LLP capital contribution.

LLP From 3 Due Dates

In India, Limited Liability Partnerships (LLPs) need to submit Form 3 to the Registrar of Companies (RoC) within 30 days of their registration. This form contains details of the LLP agreement, which defines the roles, responsibilities, and rights of the partners.

If any changes are made to the agreement like updating partner details, profit-sharing, or business activities Form 3 must be resubmitted within 30 days to inform the RoC.

Penalty for late filing of Form 3

If an LLP fails to file Form 3 within the prescribed timeframe, it must pay a late fee penalty. The penalty amount varies based on the delay period and LLP size, with Small LLPs paying lower penalties than large LLPs. Longer delays result in higher penalties; for delays up to 15 days, the LLP pays 1x the normal fee, while delays exceeding 260 days require a payment of 50x the normal fee. To avoid financial and legal issues, timely filing of LLP form 3 is essential.

Conclusion

LLP Form 3 is a mandatory filing that legally records the LLP agreement, ensuring clarity in partner roles, profit-sharing, and business operations. Timely submission within 30 days of incorporation helps avoid penalties and ensures compliance with MCA regulations. The filing process is straightforward but requires accurate details and necessary documents. Understanding the fees and penalties associated with late filing is crucial for smooth business operations. Proper compliance with LLP Form 3 filing ensures a well structured and legally compliant LLP.

Suggested Read :

 LLP Form 4

LLP Form 8

LLP Form 11

LLP Annual Filing

Borrowing Clause of LLP Agreement

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