LLP Settlement Scheme, 2020
What is LLP?
LLP registered under the Limited Liability
Partnership Act, 2008 which has made a default in filing of documents on the
due date(s) specified under the LLP Act, 2008 and rules made there under
Applicability of scheme filing was due Till 31st Oct 2019 for FORM 3,4,8 and 11. It means any annual filing related to LLP on or before 31st Oct 2020 was pending till date, is allowed to cover this scheme.
What is the scheme and its period:
If LLP has not filed any form related to annual filing etc is pay governments fee and Rs 100 per day penalty for non filing. Now under the scheme old penalty has been reduced to Rs 10 per day and maximum Rs 5000 per form.
- Period for the scheme from 16th March to 13th June 2020
Due to CORONA Effect may this date will be extended as whole India is lock down till 31st march or May be Uncertain period.
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