MCA Issues FAQs on LLP E-Filing Services

MCA Issues FAQs on LLP E-Filing Services The Ministry of Corporate Affairs (MCA) has issued a collection of Frequently Asked Questions (FAQs) in respect to the portal's LLP e-filing services. All LLP e-filing services have recently been modernized and transferred to the MCA V3 platform. All other services, on the other hand, will remain available on the MCA V2 platform. Users can add numerous roles to their profile, according to the FAQ. This feature, however, is available exclusively to Registered users and Business users who are not Company/LLP users. It also stated that each platform (mobile app/web) will only enable one user session at a time. If a user does not log in for 60 days in a row, the account will be cancelled, and an email alert will be issued to the user informing them of this. The user will be needed to reset the password using the "Forgot password" option in order to activate the account. It goes on to say that LLPs must file LLP webform 8 (Statement of Account & Solvency) and LLP webform 11 (Annual Return) on an annual basis. The 'Annual Return' must be filed within 60 days of the financial year's end, and the 'Statement of Accounts & Solvency' must be filed within 30 days of the end of the financial year to which it pertains. Every LLP must have a consistent financial year that ends on March 31st of each year. Every LLP must also file a 'Statement of Accounts & Solvency' in the mandated LLP webform 8, which includes a declaration on the LLP's state of solvency by the authorized partners, as well as information on the LLP's assets and liabilities, as well as revenue and expenditure statements. The LLP must file this form on an annual basis. If the LLP/ FLLP's total income exceeds Rs. 40 lakhs or the contribution obligation of the partners exceeds Rs. 25 lakhs, the webform should be approved by the LLP/ FLLP's auditor. To Read FAQ Download PDF Given Below: