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NOTE ON LLP SETTLEMENT SCHEME 2020
GENERAL CIRCULAR NO.6/2020 DATED MARCH 4,2020
The Central Government has decided to introduce a scheme namely ‘LLP Settlement Scheme, 2020‘ by allowing a onetime condonation of delay in filing statutory required documents with the registrar.
AVAILIBILITY OF SCHEME
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APPLICABLE ON DEFAULTING LLP |
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| WHAT IS DEFAULTING LLP | It means LLP Registered Under LLP Act, 2008 and made default in filing of certain documents due for filing till 31 October 2019. |
| WHAT ARE THE CERTAIN DOCS OR FORMS OR RETURNS TO WHOM THIS SCHEME APPLIES | Form – 3 (Information with regard to limited liability partnership agreement and changes, if any, made therein.
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. Form-8- Statement of Account & Solvency (Annual or Interim). Form-11- Annual Return of Limited Liability Partnership (LLP). |
| IMMUNITIES UNDER THE SCHEME |
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| NON-APPLICABILITY | LLPs those who have made application to Registrar for Strike of LLP in Form – 24
LLPs made default in filing of certain documents due for filing after 31 October 2020. |
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