Post-Registration Responsibilities of Designated Partners

After the registration of a Limited Liability Partnership (LLP), Designated Partners (DPs) have several key responsibilities to ensure legal compliance and smooth functioning of the LLP. Here's a detailed list of Post-Registration Responsibilities of Designated Partners:

1. Compliance with LLP Agreement
Ensure the LLP Agreement is filed with the Registrar within 30 days of incorporation (Form 3).

Follow the terms outlined in the LLP Agreement related to duties, responsibilities, profit sharing, etc.

2. Maintenance of Statutory Records
Maintain proper books of accounts.

Keep updated records of:

Partners' contributions

Changes in partnership

Financial transactions

Statutory registers (e.g., Register of Partners)

3. Filing of Annual Returns
Form 11 (Annual Return): To be filed within 60 days from the close of the financial year (i.e., by May 30 each year).

Form 8 (Statement of Account & Solvency): To be filed within 30 days from the end of 6 months of the financial year (i.e., by October 30).

4. Income Tax Compliance
Obtain a PAN and TAN for the LLP.

File the Income Tax Return (ITR) annually:

By July 31 (if audit not required)

By October 31 (if audit is required)

Ensure tax payments like TDS, advance tax, etc., are made on time.

5. Appointment of Auditor (if applicable)
Audit is mandatory if:

Turnover > ₹40 lakh, or

Contribution > ₹25 lakh

Appoint a Chartered Accountant (CA) for statutory audit in such cases.

6. Regulatory Compliance
Ensure compliance with:

GST registration and filings (if applicable)

Shops & Establishment Act (as per state rules)

Other sector-specific licenses/registrations, if applicable

7. Intimating Changes
Notify ROC of:

Change in partners (Form 4)

Change in registered office (Form 15)

Amendment in LLP Agreement (Form 3)

Change in designated partners (Form 4)

8. Other Responsibilities
Act in good faith, in the interest of the LLP and its stakeholders.

Avoid conflicts of interest and ensure ethical conduct.

Maintain transparency in the LLP’s dealings.

Represent the LLP legally and contractually, as needed.