In addition to “Companies Fresh Start Scheme, 2020” ,the Central Government in exercise of its power u/s 460 of the Companies Act, 2013 (extended to LLPs vide Gazette Notification No. G.S.R. 59(E) dated 30th January, 2020 u/s 67 (2) of the Limited Liability Partnership Act, 2008) has decided to introduce a scheme namely “LLP Settlement Scheme, 2020”, by allowing a one-time condonation of delay in filing statutorily required documents with the registrar.
As part of government’s constant efforts to promote ease of doing business, it has been decided to give a one-time relaxation in additional fees to the defaulting LLPs to make good their default by filing pending documents and to serve as a compliant LLP in future.
This Scheme is effective from 01st April 2020 and shall remain in force upto 30th September, 2020.
Where, “defaulting LLP" means a LLP registered under the Limited Liability Partnership Act, 2008 which has made a default in filing of documents on the due date(s) specified under the LLP Act, 2008.
(i.) Form-3:- Information with regard to limited liability partnership agreement and changes, if any, made therein;
(ii.) Form-4:- Notice of appointment, cessation, change in name/address/ designation of a designated partner or partner and consent to become a partner/ designated partner;
(iii.) Form-8:-Statement of Account & Solvency (Annual or Interim);
(iv.) Form-11-Annual Return of Limited Liability Partnership (LLP).
(v.) Form 15: Notice for change of place of registered office.
(vi.) Form 5: Notice for change of name.
(vii.) Form 12: Form for intimating other address for Service of Documents.
(viii.) Form-22: Notice of intimation of Order of Court/ Tribunal/CLB/ Central Government to the Registrar.
(ix.) Form-31: Application for Compounding of an offence.
(x.) Form-23: Application for direction to Limited Liability Partnership (LLP) to change its name to the Registrar.
(xi.) Form-29 : Notice of (a) alteration in the certificate of incorporation or registration; (b) alteration in names and addresses of any of the persons authorized to accept service on behalf of a foreign limited liability partnership (FLLP) (c) alteration in the principal place of business in India of FLLP (d) cessation to have a place of business in India.
LLP Settlement Scheme,2020 is a very good opportunity to all defaulting LLPs to file the belated returns and to avoid all the late fees, Penalty and Prosecution accordingly.
If you need any further clarification on this, please feel free to reach us at contact@msassociates.pro or call us on 080-41633750 or 9880542668.