Central Government has decided to introduce a scheme namely ‘LLP Settlement Scheme, 2020‘, by allowing a One-time con-donation of delay in filing statutorily required documents with the Registrar. The scheme shall come into force on the 16th March, 2020 and shall remain in force up to 13th June, 2020.
LLPs, that wish to avail themselves of the scheme, may file the pending documents/Forms and make good the defaults, to gain immunity from prosecutions for such defaults.
1. Form-3- Information with regard to limited liability partnership agreement and changes, if any, made therein;
2. 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;
3. Form-8- Statement of Account & Solvency (Annual or Interim); and
4. Form-11– Annual Return of Limited Liability Partnership (LLP).
LLPs, that wish to avail themselves of the scheme, may file the pending documents/Forms and make good the defaults, to gain immunity from prosecutions for such defaults.
This Scheme provide significant relief and a window of opportunity for LLPs to abide by the Law & conduct business accordingly.
Note:
This Scheme is not applicable 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.