What is LLP Settlement Scheme 2020 ?
Its is One-time condonation of delay in filing statutorily required documents with the Registrar Namely Form 3, Form 4, Form 8 and Form 11.
Who can avail this scheme?
All Defaulting LLPs who have not filed their statutory record (Form 3, Form 4, Form 8, Form 11) due for filing Till 31 Oct 2019
What are the scheme Start and end date?
Scheme will start from 16 March 2020 and will end on 13 June 2020
What are the compliance covered in this scheme?
The scheme cover compliance of LLP Agreement and changes therein viz. Form (3), Statement of Account & Solvency (Annual or Interim) viz. Form-8 and Annual Return of LLP viz. Form-11.
What is fee for compliance under the scheme?
Normal fee Plus additional
fee Rs 10/- per day for delay, provided that such payment of additional fee
shall not exceed Rs. 5,000/- per document*.
* Per document means per filing eg Form 8 and Form 11 – Maximum fee 10,000/-
What are Benefit of availing the scheme?
The defaulting LLPs, which have filed their pending documents till 13th June 2020 and made good the default, shall not be subjected to prosecution by Registrar for such defaults.
Non Applicability of scheme
1. This Scheme shall not apply to the filing of documents except the following documents:-
(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). 2. 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.