Prakasha & Co

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Simplify your LLP filings.

We are experts in providing LLP filing services. Be it LLP accounts, LLP annual returns, or tax filing—we are the dynamic CS office in Bangalore.

Ensuring your LLP is on the right path. Approach us for worry-free compliance with LLP filings and safeguard your business.

Your Trusted Partner for LLP Filing Service

At Prakasha & Co., we specialize in providing total LLP (Limited Liability Partnership) filing services customized according to the needs of businesses. Our expert team of Chartered Accountants, Company Secretaries, and Legal professionals makes sure your LLP complies with regulations, is cost-effective, and is on time.

Our LLP filing Services

We offer a complete package of services to help you maintain compliance with the Registrar of Companies (ROC) and other statutory bodies.

Our services include:

  • CA/CS/Advocate Dedicatedly:

    An exclusive professional to handle the compliance of your LLP.

  • Preparation & Filing of Form-8 for LLP:

    We make the preparation and filing of the Statement of Account & Solvency, Form-8.

  • Preparation & Filing of LLP Form-11:

    Annual Return filing (Form-11) with the MCA, reflecting a gist of management activity in your LLP.

  • Income Tax Return Filing:

    Preparation and e-filing your LLP’s Income Tax Return by using Form ITR 5.

  • DIR-3 KYC Forms for Designated Partners:

    All designated partners should ensure that they fulfill all the requirements of KYC on a timely basis.

  • Annual Financial Statements:

    Preparation of financial statements for your LLP in compliance with the prevailing latest accounting standards.

  • Comprehensive Advisory Services:

    • Support and advice for your LLP throughout the year.

Prakasha & Co. 

Corporate Law Consultants in Bangalore

Prakasha & Co. is a dependable LLP filing consultancy firm in Bangalore. In fact, they have been providing good LLP corporate solutions to many corporate firms in Bangalore. Their 15 years of experience in the service industry makes them a credible name on the list. They are a team of Company Secretaries, CA, GST experts, and legal experts, well-qualified and highly professional. All their experts have detailed information about the corporate laws:: 

  • Companies Act 2013
  • The Payment of Bonus Act, 1965
  • The Factories Act, 1948
  • The GST Act, 2017
  • The Information Technology Act, 2000
  • The Income Tax Act, 1961

Why Prakasha & Co. for LLP?

  • Company Expertise: Understanding and serving the requirements related to LLP regulations and business needs.
  • Competitive Pricing: The pricing for our services has been competitively priced just for you, offering high-quality services at a pocket-friendly price.
  • End-to-End Support: From registration to annual compliance, our team will take care of all your needs.
  • Experienced CS & Legal Team: Our dedicated focus on Company Secretary services ensures your LLP is compliant with all Corporate Governance standards.

LLP Filing Pricing Plans

Basic Plan – ₹7,999

Ideal for small LLPs with a turnover up to ₹2 lakhs.

  • Filing of Form 8
  • Filing of Form 11
  • DIR-3 KYC
  • Income Tax Return Filing
  • CA/CS Support

Note: Prices exclude government fees & other charges.

Standard Plan – ₹16,999

Perfect for growing LLPs with a turnover up to ₹20 lakhs.

  • All Basic Plan Services
  • Bookkeeping & Accounting
  • GST Return Filing
  • CA/CS Support

Note: Prices exclude government fees & other charges.

Premium Plan – ₹34,999

Best for established LLPs with a turnover up to ₹50 lakhs.

  • All Standard Plan Services
  • Comprehensive Financial Statements
  • GST Return Filing
  • Enhanced CA/CS Support

Note: Prices exclude government fees & other charges.

Documents Required for LLP Compliance

To ensure timely and accurate filing, please have the following documents ready:

  1. LLP Agreement
  2. Statement of Account & Solvency
  3. Details of Designated Partners
  4. Bank Statements (with explanation) for the Financial Year
  5. GST Returns (if applicable)
  6. Income Tax Returns

Process of LLP Filing

  1. Initial Consultation: Understanding your LLP’s specific needs and assigning a dedicated professional.
  2. Document Collection: Gathering all necessary documents for your LLP filing.
  3. Form Preparation: Drafting and preparing all required forms (Form-8, Form-11, etc.).
  4. Review & Submission: Detailed review of the forms by our CS before submission to ensure accuracy.
  5. Final Compliance Filing: Submission of forms to ROC/MCA within prescribed timelines.
  6. Post-Filing Support: Continuous support and advisory services for any follow-up or additional compliance needs.

Benefits of Timely ROC Filing for LLPs

  • Avoidance of Penalties: Timely filings prevent hefty fines and legal issues.
  • Enhanced Credibility: Proper compliance enhances the trust and credibility of your LLP among stakeholders.
  • Limited Liability Protection: Ensures your personal assets remain protected.
  • Better Financial Management: Regular compliance helps in better financial planning and tax management.

Penalty Calculation

  • how penalties accumulate. For instance:
    • If a small LLP fails to file its annual return for 215 days past the due date, the penalty could be ₹50 multiplied by 15 times, totaling ₹750.
  • Link to the MCA fee calculator tool here to help users compute exact late fees and penalties for their specific cases.

Calculating Fees and Ensuring Compliance

  • Check this at MCA’s official fee calculator tool, which allows businesses to estimate their filing fees and penalties accurately.
  • utilize this tool to avoid underestimating penalties, especially for delayed submissions beyond 360 days, where penalties can be exponentially higher.

Importance of Timely Compliance

  • the importance of on-time filings and adhering to filing deadlines to avoid the compounding effect of late fees. your consistent compliance not only saves money but also helps maintain a clean record with the ROC, crucial for business operations like raising capital or entering into partnerships.

Expert Assistance

  • we are providing solutions for businesses struggling with ROC compliance. Offer consultations to help companies navigate the complexities of MCA filings and avoid unnecessary penalties.

ROC Filing Fees and Late Penalties

  • Standard Filing Fees: basic fee structure for filing various ROC forms, including Form AOC-4, MGT-7, and LLP forms. these fees vary based on PUC or LLP’s contribution.
  • Late Filing Penalties: the additional fees imposed for delayed submissions, with examples like:
    • For companies: A penalty of ₹100 per day for late filing of AOC-4.
    • For LLPs: New penalty rates post-2021, especially for Small LLPs, where fees are significantly lower (Rs.50) compared to other LLPs.

Our Client Testimonials on LLP Filings

“We had a wonderful experience with Prakasha & Co. Their team took care of all our LLP compliance needs, and we could focus on growing our business.”
Mr. Suresh Kumar, Bangalore

“Efficient, reliable, and always available for our business LLP filing advice. Prakasha & Co. made our business filing process seamless.”
Mr. Jagadish Shah, Bangalore

Frequently Asked Questions

What is an LLP, and is ROC filing mandatory?
Yes, ROC filing is mandatory for all LLPs, even if they have not done any business.

How much capital does an LLP require for auditing?
Auditing is mandatory if your LLP’s annual turnover exceeds ₹40 lakhs or the contribution exceeds ₹25 lakhs.

What are the compliance requirements for an LLP in India?
Compliance includes the filings of Form-8, Form-11, Income Tax Return, and KYC of Designated Partners.

Can an LLP be closed or dissolved?
Yes, an LLP can be dissolved following the procedures laid down by the MCA.

What is a Small LLP?

  • A Small LLP has a contribution up to ₹25 lakhs and turnover up to ₹40 lakhs, with fewer compliance requirements.

What is the fee for filing Form 11?

  • The fee starts at ₹50 for contributions up to ₹1 lakh.

What are the penalties for late filing Form 11?

  • Penalties range from 1 to 25 times the normal fee, depending on the delay period.

What details are needed for Form 11?

  • LLP name, address, partner contributions, and business activities.

Who needs to certify Form 11?

  • If the contribution is over ₹50 lakhs or turnover over ₹5 crores, a Company Secretary must certify. Otherwise, designated partners can self-certify.

Get Started with Prakasha & Co.

Not sure which package suits your needs? Contact our experts for a personalized consultation.

Contact Us
Prakasha & Co.
Sahakarnagar, Bangalore 560092
Phone Number: 07019827351, Email Address: crp@prakashaAndco.com

By using this service, you agree to our terms and conditions. All information provided is for general guidance and does not constitute professional advice.

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