Oct 19, 2023

Condonation of Delay in Filing of Forms by Limited Liability Partnerships

The MCA, by way of a General Circular dated August 23, 2023, has decided to grant a one-time relaxation in additional fees for those Limited Liability Partnerships (‘LLPs’) who could not file Form-3 (LLP agreement and changes therein), Form-4 (notice of appointment, cessation, change in name/ address/ designation of a designated partner or partner and consent to become partner or designated partner), and Form-11 (annual return of LLP) within the respective due date, and provide an opportunity to update their filings and details in master data for future compliances. This relaxation has been issued considering representations received by the Government that LLPs are finding it difficult to file these forms for various reasons. The General Circular provides that these forms have been made available for filing from September 01, 2023, to November 30, 2023; and that the LLPs availing this relaxation will not be held liable for any action for delayed filing. It also sets out certain other conditions in this regard to be complied by the LLPs in the filing process.




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