Modification to LLP Scheme 2020
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....All Stakeholders. Subject; LLP Settlement Scheme, 2020 -Modification- reg. sir, In continuation to Ministry's General Circular No.06/2020 dated 04.03.2020 and in order to support and enable Limited Liability Partnerships (LLPs) registered in India to focus on taking necessary measures to address the COVID-19 threat and to reduce their compliance burden, certain modifications to the sa....
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....n in force upto 30th September, 2020. (ii) Definitions:- In this scheme, unless the context otherwise requires, (a) "Act" means the Limited Liability Partnership Act, 2008; (b) "LLP' means a LLP as defined in Section 2 (n) of the Limited Liability partnership Act, 2008; (c) "defaulting LLP" means a LLP registered under th....
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....he payment of fee as payable for filing of such document or return: Provided that no additional fees shall be payable for filing any belated documents under this scheme. (v) Immunity from prosecution in respect of document(s) filed under the scheme:- The defaulting LLPs, which have filed their belated documents till 30th September, 2020 and made good the default, shall not ....
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