{"id":11131,"date":"2020-03-12T10:17:01","date_gmt":"2020-03-12T10:17:01","guid":{"rendered":"https:\/\/www.cagmc.com\/?p=11131"},"modified":"2024-06-03T15:02:46","modified_gmt":"2024-06-03T09:32:46","slug":"avail-llp-settlement-scheme-to-avoid-heavy-penalty","status":"publish","type":"post","link":"https:\/\/www.cagmc.com\/blog\/avail-llp-settlement-scheme-to-avoid-heavy-penalty\/","title":{"rendered":"Avail LLP Settlement Scheme to avoid heavy penalty"},"content":{"rendered":"

The Central Government has decided to introduce a scheme namely \u201cLLP Settlement Scheme<\/a>, 2020\u201d, by allowing a One-time condonation of delay in filing statutorily required documents with the Registrar.<\/p>\n

\"\"<\/p>\n

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.<\/p>\n\n\n\n\n\n\n\n
\n

Applicable on Defaulting LLP<\/strong><\/p>\n<\/td>\n

<\/td>\n<\/tr>\n
What is Defaulting<\/td>\nIt means LLP Registered Under LLP Act, 2008 and made default in filing of\u00a0certain documentsdue for filing\u00a0till 31 October 2019.<\/td>\n<\/tr>\n
What are the certain docs or forms or returns to whom this scheme applies<\/td>\nForm \u2013 3\u00a0(Information with regard to limited liability partnership\u00a0agreement and changes, if any, made therein.<\/p>\n

Form-4-\u00a0Notice of appointment, cessation, change in name\/ address\/\u00a0designation of a designated partner or partner and consent to become a partner\/ designated partner.<\/p>\n

Form-8-\u00a0Statement of Account & Solvency (Annual or Interim).<\/p>\n

Form-11-\u00a0Annual Return of Limited Liability Partnership (LLP)<\/a>.<\/td>\n<\/tr>\n

\n

Immunities under the scheme<\/p>\n<\/td>\n

Maximum fee per\u00a0 Document\/ Return\/From = Normal Fee + Additional Fee of Rs. 10\/- per day (Subject to maximum Additional Fee of\u00a0Rs. 5000\/-)<\/p>\n

Further, No Prosecution by Registrar if default made good till 13th June 2020.<\/td>\n<\/tr>\n

Non-Applicability<\/td>\nLLPs those who have made application to Registrar for Strike of LLP in Form \u2013 24<\/p>\n

LLPs made default in filing of\u00a0certain documentsdue for filing after 31 October 2020<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Government has decided to introduce a scheme namely \u201cLLP Settlement Scheme, 2020\u201d, by allowing a One-time condonation of […]<\/p>\n","protected":false},"author":2,"featured_media":15585,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[70],"tags":[],"yoast_head":"\nAvail LLP Settlement Scheme to avoid heavy penalty<\/title>\n<meta name=\"description\" content=\"Read about Avail LLP Settlement Scheme to avoid heavy penalty. 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