Form 8
What Form 8 means, how it works, a worked example, the mistakes we see and the questions founders ask.
DefinitionForm 8 is the Statement of Account and Solvency that every LLP files with the MCA by 30 October, declaring its financial position at 31 March and that it can pay its debts.
Form 8 is the LLP's version of a company's financial statements filing. It carries the balance sheet and income statement, a solvency declaration by the designated partners, and disclosure of contingent liabilities. It must be filed within 30 days of six months after the financial year end, so by 30 October. Two designated partners sign it with their DSCs, and it is certified by a practising professional. An audit is attached only if turnover exceeded ₹40 lakh or contribution exceeded ₹25 lakh; otherwise the partners self-certify. You meet it every October, even in a dormant year. What it means for you: keep the books ready by September, because the late fee rises with the delay and unfiled Form 8s block conversion, closure and often bank credit facilities.
How Form 8 works
Form 8 is the LLP's Statement of Account and Solvency, filed with the Registrar within 30 days of the end of six months from the financial year end, so by 30 October for a 31 March year. Part A is the solvency declaration: the designated partners state that the LLP can pay its debts in full as they fall due. Part B is the statement of income and expenditure and the statement of assets and liabilities for the year.
Where the LLP's turnover exceeds ₹40 lakh or its contribution exceeds ₹25 lakh, the accounts must be audited and the auditor's report attached; below both thresholds the partners may opt for audit but need not. The form is signed by two designated partners and certified by a professional in practice of the kind the Rules name (an accountant, company secretary or cost accountant).
Form 8 also carries the disclosure that an LLP with micro or small supplier dues outstanding beyond 45 days must make, mirroring the company's MSME-1. The additional fee for delay follows the same rising multiples as Form 11.
A Mumbai consulting LLP with ₹60 lakh turnover closes its books on 31 March. Because turnover crosses ₹40 lakh, the accounts are audited in August. The designated partners sign Form 8 with the solvency declaration and the audited statements and file it on 15 October, a fortnight before the 30 October deadline. Form 11 had gone in by 30 May.
Mistakes we see with Form 8
- Signing the solvency declaration when the LLP cannot in fact meet its debts; the declaration is a personal statement by the partners with personal consequences.
- Missing the audit threshold because contribution, not turnover, crossed ₹25 lakh after a partner's top-up.
- Filing Form 8 before Form 11 and finding the portal expects the annual return first for the same year.
Last updated 19 October 2026. Checked against the MCA, GST, Income-tax and Trade Marks rules in force for October 2026.
Where you will meet this term
- Limited Liability PartnershipFor two or more partners running a services or professional firm who want limited liability with light compliance.from ₹4,999
- Accounting & MISFounders who want the books closed every month and a one-page MIS they can actually read, with GST and TDS data ready on time.from ₹4,999/month
Questions founders ask about Form 8
When is Form 8 due?
By 30 October each year for an LLP with a 31 March year end: 30 days after the six months following the year end.
Who signs Form 8?
Two designated partners, with the solvency declaration, and a practising professional who certifies it. If the accounts are audited, the auditor's report is attached.
Is Form 8 needed for an LLP with no transactions?
Yes. A dormant LLP files a nil statement of account and the solvency declaration by 30 October, and Form 11 by 30 May, every year until it is closed.