The penalties for late registration with the Labour Welfare Fund can vary depending on the specific state's rules and regulations where your partnership firm is located. Labour Welfare Fund (LWF) is administered at the state level in India, and each state may have its own provisions regarding penalties for late registration. Check the rules and regulations of the state where your partnership firm is located.
Each state in India has its own Labour Welfare Fund rules which outline the procedures for registration and any penalties for late registration.