LLP Form 11 vs LLP Form 24

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1. Purpose

Form 11: Annual Return of an LLP Form 24: Application for striking off the name of an LLP (closure)

2. Filing Requirement

Form 11: Mandatory for all active LLPs every year Form 24: Filed voluntarily when LLP wants to close

3. Due Date

Form 11: 30th May every financial year Form 24: Filed anytime after the business stopped

4. Penalty

Form 11: Heavy penalties for delay Form 24: Not applicable unless pending filings are incomplete

5. Attachments Required

Form 11: Details of partners/designated partners Form 24: Affidavits, indemnity bonds, ITR acknowledgment

6. Nature of Form

Form 11: Compliance form Form 24: Non-compliance/closure form

7. Legal Effect

Form 11: Ensures LLP remains compliant Form 24: Leads to the removal of LLP from MCA records

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File Your LLP Annual Return in India