Being an entity with separate legal existence, a Limited Liability Partnership (LLP) needs to maintain its active status by regularly filing with Ministry of Corporate Affairs (MCA). Whether having business in crores or no business, annual compliance filing is mandatory for LLP. Legal compliance of LLP needed to file two separate forms, one of which for annual return, where as another one is for Statement of Accounts and Solvency. With the filing of the above two forms, a LLP reports the activities and financial data for each financial year in the upcoming year. A penalty of Rs. 100 each day till the date of actual filing will be imposed to the LLP, which fails to file the compliance on or before due date. 