What's the difference between statement of account & solvency and Annual returns

Corporate & Other Laws

This is with regard to LLP at 2008, section 34 & 35 gives 6months for filing of former and 60days for the latter. So what's exactly the difference between the two??

Tanish Gupta

CA Foundation

★ 3K+

12-May-23 15:15

2K+

Answers (1)

Statement of Account & Solvency provides details of financial transactions undertaken during the financial year and position at the end of financial year. It is filed in Form 8. Annual return is filed in form 11. Apart from Basic information about Name, Address of LLP, details of Partners/ Designated Partners, other details thatI need to be declared are : Total contribution by/to partners of the LLP; Details of notices received towards Penalties imposed / compounding offenses committed during the financial year

Sahibdeep Singh

CA Inter

★ 14K+

13-May-23 10:06