The 1940 Ligas Provinciales de Lima y Callao, the second division of Peruvian football (soccer), was played by 19 teams (11 from the Liga Provincial de Lima and eight from the Liga Provincial del Callao). From 1931 until 1942 the points system was W:3, D:2, L:1, walkover:0.
Santiago Barranco and Telmo Carbajo, as champions of their respective leagues, qualified for the Promotion Playoff (Liguilla de Promoción). However, only Telmo Carbajo secured promotion to the 1941 Peruvian Primera División after winning the playoff tiebreaker match 3âÂÂ2 against Santiago Barranco.
Teams play each other once, either home or away. The matches were played only in Lima.
Santiago Barranco qualified for the Liguilla de Promoción a Primera División.
Telmo Carbajo qualified for the Liguilla de Promoción a Primera División.
The bottom teams of the Liga Provincial de Lima (Alianza Libertad and Sportivo Melgar) and the Liga Provincial del Callao (Scuola Deportiva Italia and White Star) were required to play a relegation play-off against the top teams from the 1940 División Intermedia de Lima (Miguel Grau and Alianza Pino) and the top teams from the 1940 División Intermedia del Callao (Santiago Rossell and Alianza Tucumán) to determine the clubs qualified for the 1941 Segunda División Regional de Lima y Callao.
Because Telmo Carbajo and Santiago Barranco tied with 6 points a relegation play-off on neutral ground will be played as the tournament rules specify.