LLP Settlement Scheme 2020

LLP Settlement Scheme 2020

LLP settlement Scheme, 2020 launched ; Shall allow a One-time condonation of delay in filing statutorily required documents with the Registrar

Scheme shall come into force on the 16th March, 2020 and shall remain in force up to 13th June, 2020

Any "defaulting LLP" is permitted to file belated
documents, which were due for filing till 31st October, 2019 in accordance with
the provisions of this Scheme:

Applicable for LLP Form 3, 4, 8 and 11.

Manner of payment of fees and additional fee on filing belated document for seeking immunity under the Scheme - The defaulting LLPs may themselves avail of the scheme for filing documents which have not been filed or registered in time on payment of additional fee Rs 10/- per day for delay in addition to any fee as is payable for filing of such document or return, provided that such payment of additional fee shall not exceed Rs. 5,000/- per document.



This Scheme shall not apply to LLPs which has made an application in Form
24 to the Registrar, for striking off its name from the register as per provisions of Rule 37(1) of the LLP Rules, 2009



On the conclusion of the Scheme, the Registrar shall take necessary action
under the LLP Act, 2008 against the LLPs which have not availed this Scheme and are in default in filing of documents as required under the provisions of LLP Act, 2008 in a timely manner