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Limited Liability Partnership – Event Based Compliances

Limited Liability Partnership – Event based Compliances  
HeadSection CompliancPenalty for Non-Compliance
Procuring Designated Partners Identification Number7(6)Every Designated Partner should obtain a Designated Partner Identification Number (DPIN) from the Central GovernmentEvery individual or partner , who is in default shall be punishable with fine which may extend to Rs 5000 and where the contravention is continuing one, with further fine , which may extend to Rs 500 for every day during which the default continues.
Consent and Particulars of Partner/Designat ed Partner 7(3) & 7(4Filing of consent of Partner/ Designated Partner to act as such with the Registrar of Companies in eForm # 4 within 30 days of the appointment as the designated partner The LLP and its every partner shall be punishable with fine which shall not be less than Rs. 10,000 & may extend to Rs. 1,00,000
Vacancy of Designated Partner9Filing of vacancy in Designated Partner within 30 days of vacancy and intimation of same to Registrar in eForm # 4 and in case if no designated partner being appointed or if any time there is only one designated partner, then each partner shall be deemed to be the designated partnerThe LLP and its every partner shall be punishable with fine which shall not be less than Rs. 10,000 but which may extend to Rs. 1,00,000.
Change of Registered Office13(3)File the notice of any change in registered office with the Registrar of Companies in eForm # 15 and any such change shall take effect only upon such filing.The LLP and its every partner shall be punishable with fine which shall not be less than Rs. 10,000 but which may extend to Rs. 1,00,000.
Change of Name 1LLP may change its name registered with the Registrar by filing with the Registrar notice of such change in eForm # 5.Person guilty of offence shall be punishable with fine which may extend to Rs 5,00,000 but which shall not be less than Rs 5000 and with a further fine which may extend to Rs 50 for everyday after the first day after which the default continues
Name of LLP on Invoice and official Correspondence21(1)All invoices and official correspondence of the LLP shall bear its name, address and registration number and a statement that it is registered with Limited LiabilityThe LLP shall be punishable with fine which shall not be less than Rs 2000 but which may extend to Rs 25,000.
LLP Agreement & Changes there in23(2)LLP Agreement and any changes made therein shall be filed with the Registrar in eForm # 3.Person guilty of offence shall be punishable with fine which may extend to Rs 5,00,000 & not be less than Rs 5000 and with a further fine which may extend to Rs 50 for everyday after the first day after which the default continues.
Change in Partners25(2)Where a person becomes or ceases to be a partner or where there is any change in the name or address of a partner, notice of the same signed by the designated partner and to be filed within 30 days to the Registrar in eForm # 4.The LLP and every designated partner of the LLP shall be punishable with fine which shall not be less than Rs 2000 & may extend to Rs 25,000.
Books of Accounts34(1)The LLP shall maintain proper Books of Accounts for each year on cash basis or on accrual basis and according to the Double Entry System of Accounting at its registered office and shall get them audited in accordance with the rules as may be prescribedThe LLP shall be punishable with fine which shall not be less than Rs 25,000 but which may extend to Rs 5,00,000 and every designated partner of such LLP shall be punishable with fine which shall not be less than Rs 10,000 & may extend to Rs 1,00,000
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