Banks and investors do not review only revenue. They check whether the LLP legally exists, partners are correctly recorded, accounts are filed, contribution is supported and statutory records are clean.
The LLP Act and Rules create the statutory record framework for incorporation, partners, contribution, accounts and annual return. A funding or loan diligence folder should map each legal fact to evidence.
| Folder | Documents |
|---|---|
| Constitution | Certificate of incorporation and LLP agreement. |
| Partners/designated partners | KYC, consent, Form 4 trail and authority matrix. |
| Contribution | Partner-wise contribution obligation and bank/accounting proof. |
| Annual filings | Form 8, Form 11, SRNs and challans. |
| Finance/tax | Financials, tax returns, GST/TDS records and bank statements. |
This article is intentionally source-limited to official MCA / India Code material. Verify final filing positions with the latest Act, Rules, MCA forms and portal advisories before publishing.
Constitution, partner records, filings, contribution proof, financials and statutory records.
They evidence annual LLP account/solvency and annual return compliance.
Yes. Defaults reduce confidence and may delay transactions.