LLP Annual Filing

What is LLP Form 4, and who can file it?

What is LLP Form 4, who can file it? And Document Required for Filing LLP Form 4

Introduction

As per the LLP Act of 2008, an LLP must file Form 4 and Form 3 to make any structural changes. Form 4 records the appointment, removal, or updates to a partner’s or designated partner’s name, address, or designation. This article provides a brief overview of LLP Form 4 and its significance.

What is an LLP (Limited Liability Partnership)?

A Limited Liability Partnership (LLP) is a business structure that combines the benefits of a partnership and a company. It allows partners to share profits while having limited liability, meaning they are not personally responsible for business debts.

What is an LLP Form 4?

LLP Form 4 is used to inform the Registrar of Companies (ROC) about changes in an LLP’s partners. It is required when a partner joins, leaves, or updates details like name, address, or role.

Who Needs to File LLP Form 4?

  1. When there is a change in partners/designated partners (appointment or cessation).
  2. When there is a change in a partner’s name or address.
  3. When there is a change in the designation of a partner (from partner to designated partner or vice versa).

Key Requirements

  • You must file it within 30 days of the change.
  • The appointed or removed partner must provide consent.
  • A designated partner must digitally sign it, and a professional (CA/CS/CMA) must certify it.
  • Late filing attracts penalties.

Required Documents and Information for LLP Form 4

  • Authorization for Partner/Designated Partner : Required when appointing a new partner or designated partner.
  • Proof of Resignation : Needed when a partner/designated partner leaves the LLP.
  • Name Change Proof: You must provide an affidavit or other supporting document to update a partner’s name.
  • Company as a Partner : If a company joins as a partner, it must submit a resolution on its letterhead confirming the decision, along with details of the nominee or designated partner.
  • Additional Information : Attach any extra details separately with LLP Form 4.

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Step-by-Step Procedure to File LLP Form 4

1. Prepare Documents:

  • Obtain a resignation letter (if a partner is leaving).
  • Get consent letters from new partners.
  • Prepare a resolution of the LLP approving the change.

2. Download Form LLP-4:

Visit the MCA (Ministry of Corporate Affairs) website and download Form LLP-4.

3. Fill in the Details:

  • Enter LLP details (LLPIN, name, and address).
  • Mention details of the partner(s) joining or leaving.
  • Attach supporting documents (resignation letter, consent letter, etc.).

4. Sign the Form:

A designated partner and a professional (CA/CS/CMA) must digitally sign (DSC) the form.

5. Pay Fees & Submit:

Upload the form on the MCA portal and pay the required fee based on LLP capital.

6. Track Status:

Check the status on the MCA portal. Once approved, the changes are updated in LLP records.

Government Fees for LLP Form 4

Capital Contribution Government Fees (₹)
Up to ₹1 lakh ₹50.00
More than ₹1 lakh to ₹5 lakh ₹100.00
More than ₹5 lakh to ₹10 lakh ₹150.00
More than ₹10 lakh to ₹25 lakh ₹200.00
More than ₹25 lakh to ₹1 crore ₹400.00

Guidelines for Filing LLP Form 3 and LLP Form 4 Separately

  • If you only need to change the designation or nominee, file Form 3 and Form 4 separately.

  • For appointment or cessation only, submit the forms as linked forms.

  • If both appointment and cessation are required, file them as connected forms.

If you need to do an appointment, cessation, and a designation/nominee change, follow this:

  • File Form 3 and Form 4 together for appointment/cessation.

  • Submit another Form 4 for designation/nominee changes.

Conclusion

Filing LLP Form 4 is essential to update changes in partners with the ROC. Timely filing ensures compliance, avoids penalties, and maintains legal transparency. Follow the correct process and pay the required fees, and LLPs can easily update partner changes while following MCA rules properly.

Suggested Read :

LLP Form 3

LLP Form 8

Form 11 of LLP

Process to change LLP Agreement

Importance of LLP Certificate of Registration

FAQ

1. What is the purpose of Form 4?

LLP Form 4 is used to notify the ROC about the appointment, resignation, or change in partners or designated partners of an LLP.

2. What is the difference between Form 3 and Form 4 of LLP?

Form 3 is for changes in the LLP Agreement, while Form 4 is for adding, removing, or updating details of partners/designated partners.

3. When must a LLP Form 4 be filed?

LLP Form 4 must be filed within 30 days of the appointment, resignation, or change of a partner to avoid penalties.

4. Who can fill LLP Form 4?

A designated partner must fill and digitally sign the form, and a CA, CS, or CMA must certify it before submission.

5. What is the eligibility criteria for LLP Form 4?

The LLP must be registered under the MCA, and the change in partners should be legally approved by the LLP before filing.

Tags: LLP annual filingLLP Form 4LLP registration
3 years ago
Zarana Mehta

Zarana Mehta is an MBA in Finance from Gujarat Technology University. Though having a masters degree in Business Administration, her upbeat and optimistic approach for changes led her to pursue her passion i.e. Creative writing. She is currently working as Content Writer at Ebizfiling.

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