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LLP Settlement Scheme

Latest Articles


MCA removes anomaly in due date extension of Filing LLP Form 8

Company Law : MCA Issues Important Clarification to Rectify an Anomaly in Extension of LLP Settlement Scheme, 2020 & Due Date of Filing Form...

November 10, 2020 30609 Views 8 comments Print

Filing Requirement For LLP

Corporate Law : INTRODUCTION In the year 2003, when Naresh Chandra committee, submitted its report entitling “Report of the Committee on Regulat...

November 2, 2020 3723 Views 2 comments Print

LLP- 8 Due Date F.Y. 2019-20

Company Law : In this editorial author discusses due date of filling of LLP-8 with Registrar of Companies for financial year 2019-20 along with ...

October 30, 2020 32283 Views 3 comments Print

Extension of Various Compliances By Ministry of Corporate Affairs

Company Law : The Ministry of Corporate Affairs has made a further effort to encourage a greater deal of “Ease of doing business”, the Mi...

September 30, 2020 2916 Views 0 comment Print

7 Due dates extended by MCA to 31st December, 2020

Company Law : Extension of due dates for various Schemes, Registration as Independent Director, DIR-3 KYC, holding EGM, till 31st December, 2020...

September 29, 2020 13437 Views 5 comments Print


Latest News


ICSI Request for Company Law & LLP Law Settlement Scheme 2024

Company Law : ICSI requests MCA for Company Law and LLP Law Settlement Scheme 2024 to address filing challenges and avoid penalties for companie...

October 30, 2024 11709 Views 3 comments Print

ICSI Requests Company Law & LLP Law Settlement Scheme, 2023

CA, CS, CMA : The Institute of Company Secretaries of India (ICSI) has written a letter to the Secretary of the Ministry of Corporate Affairs, r...

July 15, 2023 17082 Views 0 comment Print

473131 Indian Companies & 105643 LLPs befitted from CFSS & LLP Settlement Scheme

Corporate Law : As per record, 4,73,131 number of Indian Companies and 1065 number of Foreign Companies have benefited by availing the CFSS, 2020 ...

March 27, 2022 1362 Views 0 comment Print

Extending deadline of CFSS and LLP Settlement Scheme

Company Law : Ministry of Corporate Affairs Extending deadline of Companies Fresh Start Scheme and LLP Settlement Scheme Posted On: 23 MAR 2021 ...

March 23, 2021 2259 Views 1 comment Print

Schemes launched by MCA during COVID-19 pandemic

Company Law : MCA has raised the threshold of default under section 4 of Insolvency and Bankruptcy Code (IBC) to Rs. 1 crore from the existing t...

February 9, 2021 1320 Views 0 comment Print


Latest Judiciary


LLP Settlement Scheme, 2020 benefit cannot be denied on Form uploaded pursuant to Court Order

Company Law : Handoo & Handoo Legal Consultants Vs. Union of India (Delhi High Court) The plea of the petitioner(s) in the present applicati...

September 25, 2020 618 Views 0 comment Print


Latest Notifications


MCA permits documents due for filing till 30.11.2020 under LLP Settlement Scheme

Company Law : Timeline for filing of belated documents has been extended upto 30th November, 2020 due to Extension of LLP Settlement Scheme, 202...

November 9, 2020 3114 Views 0 comment Print

LLP Settlement Scheme 2020 extended to 31.12.2020

Company Law : MCA had introduced a new scheme known as the LLP Settlement Scheme, 2020 which was valid from 01.04.2020 to 13.06.2020 and was lat...

September 28, 2020 15000 Views 0 comment Print

MCA modifies LLP Settlement Scheme 2020

Company Law : in order to support and enable Limited Liability Partnerships (LLPs) registered in India to focus on taking necessary measures to ...

March 30, 2020 27315 Views 1 comment Print

MCA introduces Companies Fresh Start Scheme 2020 & Revises LLP Settlement Scheme 2020

Company Law : Ministry of Corporate Affairs introduces the 'Companies Fresh Start Scheme, 2020' and revised the 'LLP Settlement Scheme, 2020' to...

March 30, 2020 1317 Views 0 comment Print

FM relaxes Tax & Regulatory Compliance in view of COVID-19 outbreak

Income Tax : Extend last date for income tax returns for (FY 18-19) to 30th June, 2020. Aadhaar-PAN linking date to be extended to 30th June, ...

March 24, 2020 34029 Views 3 comments Print


LLP Settlement Scheme, 2020- Applicability and Key Points

April 14, 2020 2778 Views 0 comment Print

LLP Settlement Scheme, 2020 is applicable to any defaulting LLP i.e. LLP registered under Limited Liability Partnership Act, 2008 and which has made default in filing of documents on the due dates specified under LLP act 2008 and the rules made there under and which were due to be filed till 31st October, 2019.

10 FAQs on Modified LLP Settlement Scheme, 2020

April 11, 2020 693 Views 0 comment Print

FAQ on LLP Settlement Scheme, 2020 As Modified By MCA General Circular No. 13/2020 Dated 30.03.2020 With a view to deal with the current financial and economic fall-out, due to the outbreak of COVID-19, the Ministry of Corporate Affairs has come up with certain important reliefs for the Corporate Sector. On 4th March, 2020 the […]

Conceptual summary of LLP Settlement Scheme, 2020

April 10, 2020 1257 Views 0 comment Print

With a view to promote the Government of India’s efforts to provide relief in the wake of COVID 19, the Ministry of Corporate Affairs has introduced the ‘LLP Settlement Scheme, 2020‘ to provide an opportunity to  the Limited Liability Partnerships’ (LLPs) to make good any filing related defaults, irrespective of duration of default, and make […]

Brief Analysis of LLP Settlement Scheme, 2020

April 10, 2020 516 Views 0 comment Print

Reasons for which this scheme introduced by the Ministry of Corporate Affairs- -Filling of delay documents/returns attracts 100 per day of default for each return and documents which put the financial burden on the LLP that’s why this scheme is introduced for waiver of additional fees. -Regulators don’t have records for inspection because of failure […]

Revised LLP Settlement Scheme, 2020 – Why Introduced?

April 8, 2020 5733 Views 0 comment Print

Meaning of LLP: As per Section 2(n) of Limited Liability Partnership Act, 2008, an LLP means a partnership formed and registered under this Act. As per Section 3 it’s: A body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners. A limited liability partnership shall have […]

Revised LLP Settlement Scheme 2020–7 Key Take-Aways

April 7, 2020 1392 Views 0 comment Print

Ministry of Corporate Affairs (MCA), regulatory body of corporate sector in India, vide its General Circular No 06/2020 dated March 04, 2020 and further modified vide General Circular No. 13/2020 dated 30th March, 2020, launched a one-time settlement scheme for the LLPs to grant one time immunity from additional fees and prosecution against the defaulting LLPs.  […]

Recent updates Related to Companies Compliances that you Must Know

April 6, 2020 1470 Views 0 comment Print

Article explains Recent updates Related to Compliance in pursuance of General Circular No. 11 dated 24th March,2020 & General Circular No. 12 dated 30th March,2020, Companies Fresh Start Scheme, 2020 and Revised LLP Settlement Scheme,2020, Clarification on contribution to PM Cares Fund as Eligible CSR Activity, Spending of CSR Funds For COVID-19 and Notification for […]

Analysis on LLP Settlement Scheme, 2020

April 6, 2020 846 Views 0 comment Print

The Limited Liability Partnership (LLP) is viewed as an alternative corporate business vehicle that provides the benefits of not only limited liability but also allows its members the flexibility of organizing their internal structure as a partnership based on a mutually arrived agreement. In order to give an opportunity to the long standing non-compliant LLPs […]

Comparison of Modified LLP Settlement Scheme, 2020 with Original

April 6, 2020 1794 Views 0 comment Print

MCA Modifies LLP Settlement Scheme, 2020 due to Corona Virus. A comparison between original and modified scheme Recently, the Ministry of Corporate Affairs which regulates the functioning of corporate sector in india had vide its General Circular No. 06/2020 dated March 04, 2020 launched a one time settlement scheme for the LLPs popularly known as […]

20 FAQs on Modified LLP Settlement Scheme, 2020

April 6, 2020 804 Views 0 comment Print

A large number of representations were received from various quarters for waiver of fee or condonation of delay and relaxations in additional fee on the ground of excessive financial burden. It is also noted that a large number of LLPs are not filing their due statutory documents which are required to be filed with the […]

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