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November 4, 2020

MCA extends the operation of the LLP Settlement Scheme, 2020

Reported By: Andri Shukla

The MCA passed the LLP Settlement Scheme 2020 taking note of the rise in defaults by LLPs in filing their relevant document(s) on March 4, 2020 and therefore providing a one-time relaxation towards payment of additional fees in relation to such default(s). The LLP Settlement Scheme 2020 sought to condone delay in complying with statutorily filing and came into force on March 16, 2020 until June 13, 2020. However, by way of General Circular No. 31/2020 dated September 28, 2020 the MCA has extended the operation of the said scheme until December 31, 2020 owing to COVID-19 pandemic related disruptions.

Source: https://www.mca.gov.in/Ministry/pdf/GeneralCircular06_04032020.pdf; http://www.mca.gov.in/Ministry/pdf/GeneralCircularNo.31_28092020.pdf

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