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.
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