The Statement of Account and Solvency is a yearly statutory financial filing that captures an LLP's balance sheet, profit & loss, and a formal declaration of solvency by the designated partners. It is governed by Section 34 of the LLP Act 2008 read with Rule 24 of the LLP Rules 2009, and is filed with the ROC in Form 8. The due date is 30th October every year — within 30 days from the expiry of 6 months from the close of the financial year on 31st March.
Form 8 has two parts — Part A: Statement of Solvency (a declaration that the LLP can meet its liabilities) and Part B: Statement of Accounts (P&L and Balance Sheet). It must be signed digitally by two designated partners and, where the LLP crosses the audit threshold (turnover above ₹40 lakh or contribution above ₹25 lakh), it must be certified by a Chartered Accountant. Late filing attracts ₹100 per day with no upper cap. Our secretarial practice services for Form 8 cover bookkeeping check, audit-threshold mapping, statement preparation, solvency declaration, CA / PCS coordination, and on-time MCA V3 filing.
Standard Form 8 filing for active LLPs below audit threshold — bookkeeping check, P&L and Balance Sheet preparation, solvency declaration, and on-time submission by 30th October.
For LLPs with turnover > ₹40 lakh or contribution > ₹25 lakh — full statutory audit, CA certification of accounts, audit report attachment, and Form 8 filing.
Backlog cleanup of one or more pending Form 8 filings — additional-fee computation, year-wise account reconstruction, and sequential filing to bring the LLP into ROC good standing.
First Form 8 of a newly incorporated LLP — covering period from incorporation to 31st March, with first-year P&L, opening Balance Sheet, and threshold-aware audit decision.
For LLPs with secured loans / charges — Form 8 captures charge details, lender particulars, and Part B of Form 8 covering creation, modification, or satisfaction of charges.
Form 8 for dormant or nil-activity LLPs — even with no business, the financial filing is mandatory; NIL Statement of Accounts and Solvency declaration filed by 30th October.
Requires every LLP to maintain proper books of accounts on cash or accrual basis, prepare a Statement of Account and Solvency annually, and file it with the ROC.
Two-part e-form — Part A declaration of solvency by designated partners and Part B Statement of Accounts (P&L and Balance Sheet).
Filed within 30 days from expiry of 6 months from the close of the FY — i.e., by 30th October for the FY ending 31st March.
Statutory audit of LLP accounts is mandatory if turnover > ₹40 lakh or contribution > ₹25 lakh; audit report is then annexed to Form 8.
Two designated partners declare that the LLP can meet its liabilities as they fall due from its assets — a personal certification that carries individual responsibility.
Where audit applies — Chartered Accountant certifies the accounts in Form 8 and provides an audit report under prescribed standards alongside the financial statements.
Late filing of Form 8 attracts an additional fee of ₹100 per day until the date of filing, without any upper cap, and continues to accrue indefinitely.
Form 8 must be filed by every LLP — including dormant, nil-activity, never-commenced, and even those undergoing winding up — until officially struck off the ROC register.
Health-check of books of accounts on cash / accrual basis, ledger reconciliation, bank-statement matching, and gap-fix plan before drafting Form 8.
Computation of turnover and contribution to map whether the LLP crosses the ₹40 lakh / ₹25 lakh threshold, triggering statutory audit and CA certification.
Drafting the LLP's Profit & Loss Account and Balance Sheet in the format specified for Form 8 Part B, with notes and partner-capital movement.
Drafting the Part A Statement of Solvency, capturing assets-vs-liabilities affirmation by designated partners, with backup workings to support the assertion.
For LLPs above threshold — coordination with empanelled CA / audit firm, audit-evidence gathering, financial-statement finalisation, and audit-report attachment.
End-to-end Form 8 preparation on MCA V3 portal — Part A & Part B data, attachments, two DPs' DSCs, fee payment, SRN tracking, and acknowledgement archival.
Backlog cleanup — year-wise account reconstruction, retrospective audit (if applicable), additional-fee planning, and sequential filing to restore ROC standing.
Aligning Form 8 financials with Income Tax Sec 44AB tax audit, ITR-5 numbers, and ensuring consistency across MCA, IT, and GST filings for the year.
Capturing creation, modification, satisfaction of charges in Form 8 Part B, lender confirmations, and statutory disclosures for secured borrowings.
Coordinating the dual-filing cycle — Form 11 by 30th May and Form 8 by 30th October — to prevent partner-data and contribution mismatches.
Where ROC has issued strike-off notice for non-filing of Form 8 — emergency catch-up, representation drafting, and reactivation of LLP status.
FY-end MIS, advance reminders for Form 8 / Form 11, books-closure milestones, and an audit-ready compliance file for the LLP's records.
Books being closed for the year ended 31st March — Form 8 must be ready and filed by 30th October to avoid the per-day uncapped late fee.
Turnover crossed ₹40 lakh or contribution crossed ₹25 lakh during the year — full statutory audit and CA-certified Form 8 now required.
LLP has taken a secured loan or created a charge on assets — Form 8 must capture lender particulars, creation / satisfaction status, and amount outstanding.
Significant in-year contribution additions, withdrawals, or capital restructuring — Form 8 must reflect partner-wise capital balances accurately.
One or more years of Form 8 pending — additional fees compounding daily and DPIN-deactivation risk rising — needs urgent backlog cleanup.
ROC strike-off notice on grounds of non-filing — Form 8 / Form 11 catch-up plus representation needed to defend the LLP's active status.
First financial year just ended — first-ever Form 8 to be drafted with founder-level handholding on books, accounting policies, and threshold mapping.
Planning a Form 24 strike-off — all pending Form 8 / Form 11 must be filed first to make the LLP eligible for closure.
Books of accounts review, turnover / contribution computation, audit-threshold mapping, and timeline + cost estimate for filing readiness.
Trial-balance reconciliation, accruals, depreciation, partner-capital movement, charge updates, and finalisation of P&L and Balance Sheet.
For threshold-crossing LLPs — full statutory audit, audit-report drafting, UDIN, and CA certification of accounts in Form 8 Part B.
End-to-end Form 8 filing on MCA V3 — Part A solvency declaration, Part B accounts data, two DPs' DSC, fee payment, and SRN tracking.
Final Form 8 PDF, FY compliance file, master-data update, and a forward calendar for next year's Form 8 / Form 11 cycle.
Partner with our secretarial-practice specialists for end-to-end Statement of Account and Solvency — books closure, audit-threshold mapping, CA certification, Form 8 filing, and a clean ROC compliance file for FY 2026–27.
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