LLP Form No. 4D: Purpose and Filing Process

Introduction

Limited Liability Partnerships (LLPs) have become a widely preferred business structure in India, combining the operational flexibility of a partnership with the limited liability features of a company. To promote transparency and regulatory compliance, the Ministry of Corporate Affairs (MCA) has introduced several statutory forms, including LLP Form No. 4D. This form is used to disclose the beneficial interest in contributions received by an LLP.

This article provides detailed information about LLP Form No. 4D. For seamless LLP return filing—including assistance with LLP Form No. 4D—Auriga Accounting pvt. ltd. is here to help with expert support!

What is LLP Form No. 4D?

LLP Form No. 4D is a mandatory electronic filing required for all Limited Liability Partnerships (LLPs) in India. Introduced under the Limited Liability Partnership (Third Amendment) Rules, 2023, this form enhances transparency by mandating the disclosure of the ultimate beneficial owners (UBOs) behind contributions received by an LLP.
By identifying individuals who ultimately benefit from the LLP’s financial inflows, the form promotes accountability and improves trust among investors, regulators, and creditors.

Who Should File LLP Form No. 4D?

All LLPs registered in India must file LLP Form No. 4D, regardless of the nature or source of contributions. This applies to:

1. Existing LLPs

They must file the form for contributions received on or after the notification date of the 2023 Amendment Rules.

2. Newly Incorporated LLPs

New LLPs are required to file Form 4D for any contributions received during incorporation or afterward.

When to File LLP Form No. 4D?

For Existing LLPs:

The form must be filed within 30 days from the date the contribution is received (for contributions received after the amendment notification).

For New LLPs:

For contributions received during incorporation: File along with the incorporation application.
For contributions received after incorporation: File within 30 days of receipt.

Important Update:

The Ministry of Corporate Affairs (MCA) has extended the deadline for filing LLP Form No. 4D and LLP Form BEN-2 without additional fees until July 1, 2024.
This extension supports users during the MCA-21 portal upgrade.

How to File LLP Form No. 4D?

LLP Form 4D must be filed electronically on the MCA-21 portal. Below is a simple filing process:

Log in to the MCA portal using your DPIN and password.
Go to the LLP Forms section.
Select Form LLP-4D and choose the applicable financial year.
Enter contribution details such as date, amount, source, and nature.
Provide information about beneficial owners, including shareholding percentage and type of beneficial interest.
Upload required supporting documents.
Review all details and digitally sign the form using the Designated Partner’s DPIN.
Pay the prescribed filing fee and submit the form.

Key Information Required in LLP Form No. 4D

Form LLP-4D requires detailed disclosures, including:

1. Contribution Details

Date and amount of contribution
Source (e.g., partner, investor)
Nature (cash, kind, etc.)

2. Beneficial Ownership Details

Name and PAN of beneficial owner
Percentage of beneficial interest
Nature of beneficial interest (direct/indirect)

3. Supporting Documents

Such as:

Contribution agreements
Investment proposals
KYC documents of beneficial owners

Consequences of Not Filing LLP Form No. 4D

Failing to file Form 4D on time can lead to serious consequences, including:

1. Late Filing Penalties

The MCA imposes additional fees for delayed submission.

2. Compliance Setbacks

Non-compliance can restrict the LLP’s ability to:

Raise funds
Apply for licenses
Participate in government tenders

3. Penal Action

In severe cases, the ROC may initiate action against the LLP and its designated partners, which may include:

Warnings
Prosecution
Disqualification of partners

About the Author

Ravi

Ravi is an experienced legal writer who simplifies complex laws into clear, actionable insights. He empowers entrepreneurs to understand their legal responsibilities with confidence, helping them build compliant and sustainable businesses.