Is Form 8 mandatory even with zero transactions?

Yes. Form 8 is mandatory for every LLP regardless of business activity. Nil financial statements must still be filed by 30 October.

When is CA audit required for Form 8?

Audit is required when LLP turnover exceeds ₹40 lakh or partner contribution exceeds ₹25 lakh. Below both thresholds, self-certification by Designated Partners suffices.

Statement of Account & Solvency – LLP Form 8 Filing | NDS Avla

Statement of Account & Solvency – LLP Form 8 Filing

Q: What is the solvency declaration in Form 8?

A statement signed by designated partners confirming the LLP can pay its debts as they fall due and that the financial statements are correct.

Mandatory Annual Financial Disclosure for All LLPs Under Section 34 of the LLP Act 2008 — Due by 30 October Every Year

Form 8 is the Statement of Account and Solvency — the annual financial disclosure document that every Limited Liability Partnership registered in India must file with the Registrar of Companies by 30 October each year, covering the financial year ending 31 March. It contains the LLP's financial statements (balance sheet and statement of income and expenditure) as well as a solvency declaration by the designated partners, confirming that the LLP is able to pay its debts as they fall due in the normal course of business.

Unlike company financial statements (filed via AOC-4 and approved at AGM), an LLP's Form 8 requires only the consent of all or a majority of designated partners — there is no general meeting requirement. However, where the LLP exceeds certain financial thresholds, the accounts must be audited by a practising Chartered Accountant and Form 8 must carry the CA's certification before it can be filed.

Our Form 8 Filing Services

Accounts Finalisation

Preparation of the LLP's balance sheet and profit & loss account for the financial year — from transaction records, bank statements, and partner ledgers — in the format required for Form 8 attachment.

Audit (Where Required)

Statutory audit by our empanelled practising CAs for LLPs with turnover above ₹40 lakh or capital above ₹25 lakh — with audit report and CA certification of Form 8 as required by MCA.

Solvency Declaration

Drafting the solvency declaration for designated partners to confirm the LLP's ability to pay its debts — a mandatory component of Form 8 signed by the designated partners with their DSC.

MCA21 E-Filing

Complete preparation and e-filing of Form 8 on the MCA21 V3 portal — with financial statements, solvency declaration, CA certification (if applicable), DSC authentication, fee payment, and SRN generation.

Form 8 Audit Requirement Thresholds

Criterion	Threshold	Consequence
Turnover	Exceeds ₹40 lakh in the financial year	Accounts must be audited; Form 8 must be CA-certified
Partner Contribution	Exceeds ₹25 lakh	Accounts must be audited; Form 8 must be CA-certified
Below Both Thresholds	Turnover ≤ ₹40L AND contribution ≤ ₹25L	No audit required; Form 8 can be self-certified by Designated Partners
Tax Audit (IT Act)	Turnover exceeds ₹1 crore (₹10Cr if digital)	Separate tax audit under Section 44AB required before ITR filing

⚠️ 30 October Deadline: Form 8 filed after 30 October attracts ₹100 per day in late fees with no maximum. For an LLP that delays Form 8 by 6 months, the late fee alone is ₹18,200 — before any other penalty.

Frequently Asked Questions

Is Form 8 mandatory even if the LLP has zero transactions?

Yes. Form 8 (Statement of Account and Solvency) is mandatory for every LLP regardless of business activity. Even a newly incorporated LLP or one with no transactions must file Form 8 for every financial year. The financial statements will show nil balances, and the solvency declaration will confirm the LLP has no outstanding liabilities — but the filing itself cannot be skipped. The late fee of ₹100 per day applies from the next day after 30 October for non-filing LLPs.

What documents are needed to prepare Form 8?

The following are required: all bank statements for the financial year, invoices for income and expenses, partner contribution records and capital accounts, loan and liability records, fixed asset details (if any), and opening balance sheet (if available from the prior year). Our team compiles these into a formal balance sheet and statement of income and expenditure, which is then attached to Form 8. For audited LLPs, the auditor requires additional documentation and access to vouchers and ledgers.

What is the solvency declaration in Form 8?

The solvency declaration is a mandatory statement signed by all or a majority of the designated partners confirming that: (a) the LLP is able to pay its debts as they fall due in the normal course of business at the time of filing; and (b) the state of the LLP's affairs shown in the financial statements attached to Form 8 is correct as at 31 March. This declaration has legal weight — a false solvency declaration can expose designated partners to personal liability. Partners should review the financial statements carefully before signing.

Form 8 Due by 30 October — Is Your LLP Ready?

Our team handles everything — accounts preparation, audit (if required), solvency declaration, and MCA21 e-filing — so your Form 8 is submitted accurately before the deadline every year.

File Form 8 Now