If the LLP's turnover is more than Rs. 40 lakhs in a year or if the capital contribution increases more than Rs. 25 lakhs, then you have to appoint auditor. An auditor or auditors of a limited liability partnership shall be appointed for each financial year of the LLP for auditing its accounts. The dsignated partners may appoint an auditor at any time for the first financial year but before the end of the first financial year and for other financial years at least 30 days prior to the end of the each financial year. If the designated partners fails to appoint auditor, the partners may appoint the auditor. An auditor or auditors of an LLP shall hold office in accordance with the terms of his or their appointment and shall continue to hold such office till the period the new auditors are appointed or they re-appointed.
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CompaniesHouse is an MCA Authorized Company Registered Agent in India. The object of the CompaniesHouse is to minimize the cost in filing Accounts & Solvency of LLPs throughout India.
An auditor is a member of the Institute of Chartered Accountants of India who is into practice.
No form is required to be filed.
It is subject LLP agreement and if LLP agreement is scilent about auditor appointment and the letter of appointment binds him.
For the first financial year any time before closure of the financial year and for subsequent financial years at least 30 days prior to the end of the each financial year.
The designated partners of LLP and in the absence of them the partners of LLP.
In each financial year you have to appoint auditor and you can also reappoint the same auditor.
Nil.
LLP Auditor Appointment & Solvency + Annual Compliance
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