Modified LLP Settlement Scheme, 2020.
·
Overview
MINISTRY
OF CORPORATE AFFAIRS (MCA) vide General Circular No. 13/2020 and File No. F.
No. 17/61.2016-CL-V-Pt-I issued dated 30th March, 2020, has modified
the provisions related to LLP SETTLEMENT SCHEME, 2020.
·
Revised Timeline
: Applicable w.e.f. 01.04.2020
And
shall remain into Force upto 30.09.2020.
·
Previous Scheme: LLP
SETTLEMENT SCHEME , 2020 vide General Circular No. 6/2020 dated 04.03.2020
·
Applicability of the this Scheme: Any Defaulting LLP is
permitted to file belated documents, which were due for filing till 31.08.2020
in accordance with the provisions of this Scheme.
·
Manner of payment
of fees and additional fee on filing belated document for seeking immunity
under the Scheme – The defaulting LLPs may themselves avail of the scheme for
filing documents which have not been filed or registered in time on payment of
fee as payable for filing of such document / return.
Provided that no
additional fees shall be payable for filing and belated documents under this
scheme.
·
Immunity from
prosecution in respect of document(s) filed under the scheme - The defaulting
LLP, which have filed their belated documents till 30.09.2020 and made good the
default shall not be subjected to prosecution by the Registrar of such
defaults.
·
The Scheme shall
not apply : 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.
·
After 30.09.2020, the Registrar
shall take necessary action under the LLP Act, 2008 against the LLPs which have
not availed this Scheme and are in default in filing of documents as required
under the provisions of LLP Act, 2008 in a timely manner.
Disclaimer:
IN NO EVENT
THE AUTHOR SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL
DAMAGE RESULTING FROM OR ARISING OUT OF OR IN CONNECTION WITH THE USE OF THIS
INFORMATION.
Applicability date is wrongly mentioned it is 31.08 2019
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