INTRODUCTION
MCA has issued circular , which explained the applicability of LLP Settlement Scheme 2020 to the LLP's who were defaulting as on 31st August 2020 , but ministry of corporate affairs vide its circular General Circular No . 37/2020 Dated 09/11/2020 has issued revised date of applicability which is now 30th November 2020 , thereby means all defaulting LLPs as on 30th November 2020 , the scheme will be available. The defaulting LLP shall consider this scheme for ease and make good the compliance for savings of cost , and clearance of defaults on designated partners , since these schemes comes very less.
LATEST Circular No . 37/2020 Dated 09/11/2020
In continuation to this Ministry's General Circular No. 13/2020 dated 30.03.2020 and in the General Circular No. 31/2020 dated 28.09.2020 the scheme was extended till 31st December 2020, in view of large scale disruption caused by the COVID-19 pandemic and after due examination, it has been decided to extend the date on applicability to defaulting LLP and therefore, in serial number 3, para 8A, sub-para (iii) of the said circular dated 30.03.2020, belated documents due for filing till 30th November 2020 shall be substituted. All other requirements provided in the said circulars shall remain unchanged.
2. If a statement of account and solvency for the financial year 2019-2020 has been signed beyond the period of six months from the end of financial year but not later than 30th November, 2020, the same shall not be deemed as non-compliance.
OLD CIRCULARS EXTRACTS LINKED TO THE SAME
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