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Statement of Account and Solvency of LLP – Secretarial Practices for Form 8 Filing under Section 34 of the LLP Act 2008, Solvency Declaration, Audit Threshold & ROC Compliance
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.
Sec 34
LLP Act 2008 Provision
Form 8
Account & Solvency E-Form
30th October
Annual Due Date
₹40L / ₹25L
Audit Threshold
Laws & Forms We Work With
LLP Act 2008
Sec 34 – Accounts & Audit
LLP Rules 2009
Rule 24
Form 8 – Part A & B
Form 11 (linked)
CA Audit Certification
PCS Certification
Indian Accounting Standards
Income Tax Act
Tax Audit (Sec 44AB)
DSC of DPs
MCA V3 Portal
Form 8 Filing Routes We Handle
Standard
Regular Form 8 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.
- Books of account check
- P&L + Balance Sheet
- Solvency declaration
- 2 DPs' DSC sign-off
- 30th October filing
- SRN tracking
Audited
Audited Form 8 (Threshold Crossed)
For LLPs with turnover > ₹40 lakh or contribution > ₹25 lakh — full statutory audit, CA certification of accounts, audit report attachment, and Form 8 filing.
- Threshold check
- Statutory audit
- CA certification
- Audit report annexure
- Tax-audit alignment
- Audited Form 8
Late / Catch-Up
Belated 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.
- Year-wise reconstruction
- Additional-fee planning
- Sequential filing
- Audit catch-up
- DPIN reactivation
- Strike-off defence
First-Year
First Form 8 (Newly Formed)
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.
- Period from incorporation
- Opening Balance Sheet
- First-year P&L
- Threshold check
- Form 11 alignment
- Founder education
Charge-Reporting
Form 8 with Charge Disclosures
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.
- Charge register check
- Lender confirmations
- Form 8 Part B charge data
- Modification tracking
- Satisfaction logging
- Lender intimation
Dormant / Nil
Nil-Activity LLP Form 8
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.
- NIL P&L
- NIL Balance Sheet
- Solvency declaration
- Strike-off avoidance
- DPIN active retention
- Cost-efficient closure
Key Concepts in Statement of Account and Solvency
Sec 34
Accounts & Audit Mandate
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.
Books
Annual Filing
Form 8
Account & Solvency E-Form
Two-part e-form — Part A declaration of solvency by designated partners and Part B Statement of Accounts (P&L and Balance Sheet).
Part A: Solvency
Part B: Accounts
Due Date
30th October Each Year
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.
FY: 31 Mar
Due: 30 Oct
Audit Threshold
₹40 Lakh / ₹25 Lakh
Statutory audit of LLP accounts is mandatory if turnover > ₹40 lakh or contribution > ₹25 lakh; audit report is then annexed to Form 8.
Turnover
Contribution
Solvency Declaration
Designated Partners' Affirmation
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.
2 DPs
DSC Sign-Off
CA Certification
Auditor's Sign-Off
Where audit applies — Chartered Accountant certifies the accounts in Form 8 and provides an audit report under prescribed standards alongside the financial statements.
CA
Audit Report
Late Fee
₹100 Per Day – No Cap
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.
Per Day
No Cap
Universal
Mandatory for All LLPs
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.
Active
Dormant
Our Statement of Account and Solvency Services
Bookkeeping Diagnostic
Health-check of books of accounts on cash / accrual basis, ledger reconciliation, bank-statement matching, and gap-fix plan before drafting Form 8.
Audit-Threshold Mapping
Computation of turnover and contribution to map whether the LLP crosses the ₹40 lakh / ₹25 lakh threshold, triggering statutory audit and CA certification.
P&L & Balance Sheet Drafting
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.
Solvency Declaration
Drafting the Part A Statement of Solvency, capturing assets-vs-liabilities affirmation by designated partners, with backup workings to support the assertion.
Statutory Audit Coordination
For LLPs above threshold — coordination with empanelled CA / audit firm, audit-evidence gathering, financial-statement finalisation, and audit-report attachment.
Form 8 Filing on MCA V3
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.
Belated Filing & Catch-Up
Backlog cleanup — year-wise account reconstruction, retrospective audit (if applicable), additional-fee planning, and sequential filing to restore ROC standing.
Tax-Audit Alignment
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.
Charge / Lender Reporting
Capturing creation, modification, satisfaction of charges in Form 8 Part B, lender confirmations, and statutory disclosures for secured borrowings.
Form 8 / Form 11 Sequencing
Coordinating the dual-filing cycle — Form 11 by 30th May and Form 8 by 30th October — to prevent partner-data and contribution mismatches.
Strike-Off Defence
Where ROC has issued strike-off notice for non-filing of Form 8 — emergency catch-up, representation drafting, and reactivation of LLP status.
Compliance Calendar & MIS
FY-end MIS, advance reminders for Form 8 / Form 11, books-closure milestones, and an audit-ready compliance file for the LLP's records.
When You Need Form 8 Support
FY-End Closure
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.
Audit Threshold Crossed
Turnover crossed ₹40 lakh or contribution crossed ₹25 lakh during the year — full statutory audit and CA-certified Form 8 now required.
Loan / Charge Created
LLP has taken a secured loan or created a charge on assets — Form 8 must capture lender particulars, creation / satisfaction status, and amount outstanding.
Partner-Capital Movement
Significant in-year contribution additions, withdrawals, or capital restructuring — Form 8 must reflect partner-wise capital balances accurately.
Pending Backlog
One or more years of Form 8 pending — additional fees compounding daily and DPIN-deactivation risk rising — needs urgent backlog cleanup.
Strike-Off Notice
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-Year LLP
First financial year just ended — first-ever Form 8 to be drafted with founder-level handholding on books, accounting policies, and threshold mapping.
Pre-Closure Cleanup
Planning a Form 24 strike-off — all pending Form 8 / Form 11 must be filed first to make the LLP eligible for closure.
Documents Needed for Form 8
LLP Records
- LLP Agreement (latest)
- Certificate of Incorporation
- LLPIN & PAN of LLP
- Master data print from MCA
- Last year's Form 8 / Form 11
- Latest Form 3 / Form 4 SRNs
- DSC of designated partners
Financial Records
- Books of accounts (year)
- Profit & Loss Account
- Balance Sheet
- Bank statements
- Partner-capital ledger
- Loan / charge register
- Tax-audit report (if applicable)
Filings & Evidence
- Form 8 prefilled draft
- CA audit report + UDIN
- Solvency declaration
- MCA fee challan
- SRN acknowledgement
- Lender / charge confirmations
- Final Form 8 PDF copy
Our Engagement Process
1
Diagnostic & Threshold
Books of accounts review, turnover / contribution computation, audit-threshold mapping, and timeline + cost estimate for filing readiness.
2
Books Closure
Trial-balance reconciliation, accruals, depreciation, partner-capital movement, charge updates, and finalisation of P&L and Balance Sheet.
3
Audit / CA Certification
For threshold-crossing LLPs — full statutory audit, audit-report drafting, UDIN, and CA certification of accounts in Form 8 Part B.
4
Form 8 Filing
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.
5
Closure & Calendar
Final Form 8 PDF, FY compliance file, master-data update, and a forward calendar for next year's Form 8 / Form 11 cycle.
Why Choose Us for Form 8 Filing
✓
End-to-end Form 8 specialists
✓
CA / PCS coordination on tap
✓
Audit-threshold mapping
✓
Books closure & reconciliation
✓
Belated & backlog filings
✓
Charge / lender reporting
✓
Strike-off defence experience
✓
FY-26 / FY-27 calendar ready
FAQs on Statement of Account and Solvency
What is the Statement of Account and Solvency?
An annual statutory filing capturing the LLP's accounts and a solvency declaration by its designated partners.
Which form is filed for Statement of Account and Solvency?
Form 8, on the MCA V3 portal, under Section 34 of the LLP Act 2008.
What is the due date for Form 8?
30th October every year — within 30 days from the expiry of 6 months from FY end.
When is statutory audit mandatory for an LLP?
When turnover exceeds ₹40 lakh or contribution exceeds ₹25 lakh in the financial year.
Who signs Form 8?
Two designated partners using valid DSCs, with CA certification where the audit threshold applies.
What does the solvency declaration mean?
A formal affirmation by designated partners that the LLP can meet its liabilities from its assets.
Is Form 8 mandatory for inactive LLPs?
Yes — every LLP must file Form 8, including dormant, nil-activity, and never-commenced LLPs.
What is the late fee for Form 8?
₹100 per day until the date of filing, with no upper cap on the additional fee.
Is Form 8 the same as Form 11?
No — Form 8 is the Statement of Account and Solvency; Form 11 is the Annual Return.
What happens if Form 8 is not filed?
Per-day additional fees keep accruing and the LLP risks ROC strike-off and DPIN deactivation.
Books Closed. Solvency Declared. Form 8 Filed.
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.
Talk to a Form 8 Compliance Expert