FEMA Form (II) for LLP — Annual FDI Reporting

Q: What is FEMA Form (II) for LLP?

An annual report filed by an Indian LLP with foreign investment, providing the RBI with updated details of foreign partners, capital contributions, and profit shares.

Q: What is the deadline for filing FEMA Form (II)?

On or before 30 June each year, covering the financial year ending 31 March. Verify against current RBI circulars.

Q: Is Form (II) required if no new investment was received?

Yes, it must be filed every year as long as any foreign investment remains outstanding in the LLP.

Q: What is the difference between Form LLP (I) and Form LLP (II)?

Form (I) is a transaction-level report filed within 30 days of each remittance. Form (II) is an annual report of the cumulative foreign investment position.

Q: What happens if FEMA Form (II) is not filed on time?

It constitutes a FEMA contravention and can result in compounding proceedings and a compounding fee with the RBI.

Ensure Annual FEMA Compliance for Your LLP With Foreign Partners Through Form LLP (II) Filing

FEMA Form (II) — or Form LLP (II) — is an annual report that every LLP in India with foreign investment must file with the RBI through its authorised dealer bank. It provides the RBI with updated details of the LLP's foreign partners, their capital contributions, profit shares, and any changes during the year. This annual report is distinct from the transaction-level Form LLP (I) and must be filed even in years when no new foreign investment is received.

FEMA Form (II) is filed annually after the first FEMA Form (I) for LLP has been submitted. LLPs with active foreign investment also need our ODI compliance support, MCA annual filings, and business tax filing services.

Our FEMA Form (II) for LLP Services

Annual Filing Obligation Review

Confirming the LLP's obligation to file Form LLP (II) and the applicable annual deadline.

Data Compilation

Gathering updated details of foreign partners, capital contributions, profit shares, and changes during the reporting year.

Form LLP (II) Preparation

Accurately preparing the annual report form with complete details as required by the RBI and the authorised dealer bank.

Authorised Dealer Bank Submission

Coordinating timely submission of Form LLP (II) and supporting documents to the LLP's authorised dealer bank.

Partner Change Updates

Reflecting changes in foreign partner details, contribution amounts, and profit-sharing ratios in the annual filing.

Compliance Records Maintenance

Maintaining a complete FEMA filing history for the LLP, including LIN, Form (I), and all annual Form (II) submissions.

Our Approach

Confirming the LLP's existing LIN and prior FEMA filing history
Collecting updated partner details, contribution data, and profit share information
Reviewing LLP accounts and agreements for accuracy of reporting data
Preparing Form LLP (II) in the prescribed format and reviewing before submission
Submitting to the authorised dealer bank within the annual deadline
Retaining acknowledgement and updating the FEMA compliance record

Benefits of Timely FEMA Form (II) Filing

Fulfils mandatory annual RBI reporting requirement for LLPs with FDI
Avoids FEMA contraventions and associated compounding penalties
Maintains accurate and updated FDI records with the RBI
Supports clean regulatory standing for future capital transactions
Ensures consistent compliance history for tax and audit reviews

Why Choose Us?

Thorough knowledge of FEMA reporting requirements for LLPs
Experience preparing Form LLP (II) across diverse LLP structures
Proactive deadline tracking to ensure the annual filing is never missed
Coordination with authorised dealer banks for seamless submission
Integrated support covering FEMA, MCA, and tax compliance

Frequently Asked Questions

What is FEMA Form (II) for LLP?

FEMA Form (II), or Form LLP (II), is an annual report filed by an Indian LLP with foreign investment with its authorised dealer bank. It provides the RBI with updated information on the LLP's foreign partners, their capital contributions, and profit shares for the relevant financial year.

What is the deadline for filing FEMA Form (II)?

Form LLP (II) must be filed on or before 30 June of each year, covering the details for the financial year ending 31 March. The exact deadline should be verified against current RBI circulars, as it may be subject to change.

Is Form (II) required if no new investment was received during the year?

Yes, Form LLP (II) must be filed every year as long as the LLP has any outstanding foreign investment on its books, regardless of whether new funds were received during the reporting year.

What is the difference between Form LLP (I) and Form LLP (II)?

Form LLP (I) is filed within 30 days of each inward foreign remittance as a transaction-level report. Form LLP (II) is an annual report covering the LLP's cumulative foreign investment position and is filed once per financial year.

What happens if FEMA Form (II) is not filed on time?

Non-filing or delayed filing of Form LLP (II) constitutes a contravention of FEMA. It can result in compounding proceedings with the RBI and imposition of a compounding fee to regularise the non-compliance.

Explore Our Related Services

FEMA Form (I) for LLP | ODI Services | All MCA Services | Business Tax Filing | Expatriate Taxation

File Your Annual FEMA Form (II) for LLP Without Delay

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