Mar 30, 2020

LLP Settlement Scheme, 2020

MCA, on March 4, 2020, introduced the LLP Settlement Scheme, 2020 (‘LLP Scheme’) providing a one time relaxation on additional fees required to be paid by LLPs upon default in making timely filings. The LLP Scheme will remain in force up to September 30, 2020.[1]

[1] It was originally valid till June 13, 2020. Pursuant to a circular issued by MCA dated March 30, 2020, its validity has been extended to September 30, 2020.

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