Step-by-Step Guide for Filing LLP Form 8 on MCA V3 Portal

LLP Form 8, officially known as the Statement of Account & Solvency, is a mandatory annual filing for all Limited Liability Partnerships (LLPs) and Foreign LLPs (FLLPs) in India. It serves as a declaration of the LLP’s solvency status and its financial position.² The due date for filing Form 8 is typically October 30th of the financial year immediately succeeding the one being reported.

The MCA V3 portal has converted this into a web-based form (e-Form 8), streamlining the data entry and submission process.

1. Access and LLP Information

This section involves logging into the portal and pre-filling basic LLP data.

• Access the Portal: Go to the official Ministry of Corporate Affairs (MCA) website and Log In using your registered credentials (ensure you have a Business User profile).
• Navigate: Select MCA Services then LLP E-Filing and choose Form 8 – Statement of Account & Solvency.
• Enter LLPIN: Enter your LLPIN (Limited Liability Partnership Identification Number). The system will pre-fill the LLP’s basic details, such as the Name and Registered Office Address.
• Select Financial Year: Select the Financial Year for which the form is being filed (e.g., 2024-25).
• Police Station: A new requirement is to specify the Jurisdiction of the Police Station for the LLP’s registered office.

2. Statement of Solvency and Charge Details

Form 8 is split into two main parts:

• Part A: Statement of Solvency:
  • Confirm the declaration that the designated partners have taken due care for the maintenance of adequate accounting records.
  • Declare the LLP’s solvency status, confirming whether the LLP is able to pay its debts in full as they become due in the normal course of business.
• Part B: Statement of Accounts & Charges:
  • Financial Details: Input the LLP’s complete financial information as of March 31st of the relevant financial year. This includes:
    • Statement of Assets and Liabilities.
    • Statement of Income and Expenditure (Profit & Loss Account).
  • Charge Details: Report any Charge creation, modification, or satisfaction that occurred during the financial year. If applicable, provide the necessary details, such as the Charge ID, instrument date, and lender information.

Crucial Step: Save as Draft

As you complete each section, remember to Save the webform as a Draft periodically to prevent loss of data due to session timeout.

3. Attachments and Certification

This step involves attaching mandatory documents and securing digital signatures.

• Mandatory Attachment:
  • Disclosure under the MSME Development Act, 2006: A statement indicating that there are no pending dues (or details of any pending dues) related to interest or principal to micro, small, and medium enterprises.
• Conditional/Optional Attachments:
  • Statement of Contingent Liabilities: Only if contingent liabilities exist.
  • Audited Financial Statements: Only required if the LLP’s turnover is more than ₹40 lakh or partner’s contribution is more than ₹25 lakh.
  • Any other supporting documents.
• Certification by Designated Partners: The form must be digitally signed by a minimum of two Designated Partners.
• Professional Certification (If Applicable):
  • If the LLP’s turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh, the form must also be certified by a Practicing Chartered Accountant (CA), Company Secretary (CS), or Cost Accountant (CMA).

4. Submission, DSC Upload, and Payment

The final steps involve the official submission and completion of the filing process.

• Submit the Webform: Once all details are filled and saved, click the Submit button.
• SRN Generation: A Service Request Number (SRN) will be generated. Note this number for future reference.
• Download and Affix DSC: The webform will be converted into a PDF document, which you must Download. Open the PDF and Affix the Digital Signatures (DSCs) of the designated partners and the certifying professional (if applicable).
• Upload DSC-Affixed Document: Go to the My Applications tab on the MCA V3 portal, select the corresponding SRN, and Upload the DSC-affixed PDF document.
• Pay Filing Fees: Proceed to the payment gateway to pay the requisite filing fee based on the LLP’s contribution.
  • Note: Ensure payment is made within the stipulated time (usually 15 days of SRN generation) to prevent the SRN from being cancelled.
• Acknowledgement: Upon successful payment, an Acknowledgement will be generated, confirming the completion of the Form 8 filing.

The entire process on the V3 portal is designed for straight-through processing (STP), meaning errors must be corrected before submission, as the form cannot be revised once accepted.

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Contact NIRA Associates via mobile +918588900433 or email csniraassociates@gmail.com for getting your FORM-8 filed and any other doubts resolved.