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    LLP Form 11 FY20-21

    Posted By : Sachin / Published on : 15-Jun-2021 11:18 AM / View : 579 / Comment : 0

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    Hello Members,

    Hi Everyone! I have a query related to LLP Form 11 for FY20-21. Facts are mentioned as under-

    A LLP incorporated with two partners with total contribution of Rs.50,00,000/- by two partners in Oct2020. Now, till Mar21- none of the partners have brought in any contribution and neither any business has been commenced till date in LLP.

    Query- (a) While filing Form 11, it asks to fill Total Contribution Received and since partners have not contributed anything- then should we fill NIL here?

    (b) Is there any specific time limit prescribed in the Act, which mandates the partners to bring in the contribution as stated in the LLP agreement/ Total Obligation of Contribution on the basis of which LLP has been incorporated?
    Read more on : fy20 form

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