LLP Settlement Scheme 2020

On 5th March, 2020, the Centre introducedLLP Settlement Scheme 2020 to help non-compliant Limited Liability Partnership(LLP) firms turn compliant and enable ease of doing business for such entities.

Key Features of the Scheme

  • It provides a one-time relaxation in additional fee to the defaulting LLPs by allowing filing of pending documents and help them serve as a compliant LLP in future.
  • The scheme came into force on March 16, 2020 and will remain in force up to June 13, 2020.
  • It would be applicable to a “defaulting LLP” for filing documents, which were due for filing till October 31, 2019, on payment ....
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