Avail benefit of

LLP Settlement Scheme, 2020

Do you own a defaulting LLP whose Mandatory Compliance are pending since long? You have an opportunity to complete all your pending compliance without paying any additional fees or penalty through availing benefit of Revised LLP settlement Scheme, 2020. Prices starts from INR 6499/- only.

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What is Revised LLP Settlement Scheme, 2020?

All you need to know about LSS, 2020

LLPs Settlement Scheme, 2020 (LSS 2020)- Revised:

Earlier in March, 2020 MCA introduced an “LLP Settlement Scheme, 2020 to promote the ease of doing business and also to cleanse the system. It provided the LLPs a one-time relaxation in payment of additional fees and immunity from prosecution.

The MCA has further revised the “LLP settlement Scheme, 2020″. According to which, The LLPs will be provided with a chance to enable LLPs to make good of any filing-related defaults, irrespective of the duration of default, and make a fresh start as a fully compliant entity.”

Learn more about: Companies Fresh start scheme, 2020 & LLP settlement scheme, 2020

What will be the validity of the Revised LLP Settlement Scheme, 2020 (LSS 2020)?

  • The Revised LLP settlement Scheme, 2020 is effective from 1st of April to 30th of September, 2020. (31.12.2020- duration date as extended).
  • You need to file all your pending forms / Documents / returns etc during this period without any additional fees or penalties.
  • And to avail the benefit of the scheme, you do not need to file any forms as that is in the case of Companies Fresh Start Scheme, 2020 (CFSS-2020)
  • All you have to do is file the pending documents while the scheme is in force.

Note- Duration Period extended for LLP Settlement Scheme 2020 till 31.12.2020:

  • The Finance Minister has extended the duration period (due date) for the LSS 2020 (LLP Settlement Scheme, 2020) from 30th September, 2020 to 31st December, 2020.
  • So now the LLPs will be able to complete their Annual filings in LLP Form 8, LLP form 11, LLP Form 3 and LLP form 4, DIR 3 KYC etc till 31.12.2020 without filing any late fees or penalties.

Who will get benefit from the scheme?

  • An LLP is required to file two forms annually. one is Form 11 which is a statement of annual return and another is Form 8, it is a statement of accounts.
  • If LLPs fails to do so then the Late filing of such forms entail penalties of Rs. 100/- per day of default.
  • All the defaulting LLPs will be granted benefit under the Revised LLP Settlement Scheme, 2020.

Benefits under the (LSS 2020) Scheme:

  • You may file all your pending documents / forms without any additional fees on any return filed by the LLP under the scheme.
  • The LLPs will be granted with the Immunity Certificate
  • ROC shall withdraw any pending prosecution regarding such forms and proceedings of adjudication of penalties.

Why Ebizfiling as your service provider for Availing LLP Settlement Scheme, 2020 (LSS 2020) benefits?

Ebizfiling is a group of intellectuals. The entire team of Ebizfiling consists of Highly qualified CA, CS, Lawyers and business administrators. Ebizfiling would be a one stop destination for filing your pending documents / Form CFSS, 2020. Apart from this we provide services like Start up advisory, Secraterial compliance services, Private Limited Company registration services, ROC annual filling, PAN / TAN application, DIN registration, GST registration, Trademark registration, GST / Income tax return filing and many more. You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation and to know more about the services provided by us.

LLP Settlement Scheme Fees

Choose your Package

ESSENTIAL

6499/-

(All Inclusive)

  • Accouting Up to NIL Transaction
  • Income Tax Return
  • Form 11 Filing
  • Form 8 Filing
  • 2 Directors' DIR 3 KYC

ENHANCED

11999/-

(All Inclusive)

  • 2 Accouting Up to NIL Transaction
  • Income Tax Return
  • 2 Form 11 Filing
  • 2 Form 8 Filing
  • 2 Directors' DIR 3 KYC

ULTIMATE

16999/-

(All Inclusive)

  • 3 Accouting Up to NIL Transaction
  • Income Tax Return
  • 3 Form 11 Filing
  • 3 Form 8 Filing
  • 2 Directors' DIR 3 KYC

Important changes in the “LLP Settlement Scheme, 2020”

Points to make your decision easy

  • Any defaulting LLP will be permitted to file belated documents which were due for filing on any given date.
  • Every defaulting LLP shall be required to pay normal fees as prescribed under the law.
  • The LLP will be granted immunity from the prosecution or proceeding for imposing penalty only to the extent of any delay associated with the filings of belated documents.
  • However, It would permit a “one-time condonation of delay in Late filing statutorily required documents of LLP” with the Registrar of Companies.
  • The scheme shall be concluded after 31.12.2020. (As extended)
  • To avail the benefits under the scheme, it is not mandatory to file Form CFSS, 2020 in case of LLP.

Applicability & Non Applicability of Revised LLP settlement Scheme, 2020 (LSS 2020)

Applicability

  • Form 3: Information about an LLP agreement and changes, if any, made in that respect.
  • Form 4: Notice of appointment, cessation, change in name, address, designation of a designated partner etc
  • LLP Form 8: Statement of Account & Solvency.
  • LLP Form 11: Annual Return of Limited Liability Partnership.

Non applicability

 

  • This Scheme shall not apply to LLPs which have made an application in Form 24 to the Registrar, for striking off its name from the register as per provisions of Rule 37(1) of the LLP Rules, 2009.
  • LLP that has been served with notice of striking of by ROC

Process of Filing Form CFSS, 2020 for LLP settlement Scheme, 2020

 

5 Easy Steps

1

Complete Simple Checklist

2

Submit Documents

3

Finding pending compliance

4

Preparation of pending forms

5

Filing of Pending Compliance Forms

Fill Simple Checklist for LSS 2020

Private limited registrationA compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents and take the procedure further. The compliance manager will keep you updated on the progress of Filing of all your pending forms / documents.

Preparing of pending compliance forms

Private limited registrationOnce we receive the required details from you, we will ascertain all the pending compliance of your Limited Liability Partnership. Once the list of pending compliance is ready, we will proceed for completing all the filing process of pending documents / returns / forms etc. and will get the immunity certificate for getting immunity from prosecution / proceedings.

Filing of Pending Documents

Private limited registrationOnce all the pending filings are done for your Limited Liability Partnership under LSS 2020 and we have the acknowledgement receipts, we will proceed with the filing of all the pending compliance forms. If the ROC will verify the form and if satisfied will provide with the Immunity certificate to get you immune from all the pending proceedings going for such non filing of documents.

FAQs_Ebizfiling

FAQs about Revised LLP settlement Scheme,2020

Get answers to all your queries

  • Earlier the Scheme was applicable till June, 2020, Is there any extension of date in the Revised LLP Settlement Scheme, 2020 (LSS 2020)?

    Yes, Under the Revised LLP Settlement Scheme, 2020, now you may file all your pending documents till 30th September, 2020 (Extended date- 31.12.2020) without any additional fees or penalty.

  • What is the objective of this Scheme?

    The Ministry of Corporate Affairs, as part of Government’s constant efforts to promote ease of doing business, has decided to introduce a scheme namely “LLP Settlement Scheme, 2020”, by allowing a One-time condonation of delay in filing statutorily required
    documents with the Registrar.

  • I made changes in LLP agreement of my Limited Liability Partnership one year ago, but I forgot to intimate the same to ROC. What will be the fees I need to pay?

    For any changes made in LLP agreement of your LLP, you need to intimate the same to ROC in file Form 3. If you file the same before 31st December, 2020(as extended) you may file the same without any additional fees.

  • Can Company take the benefit under the scheme?

    No, Companies can not take benefit under this scheme. However, there is another scheme introduced for Companies as well which is “Companies Fresh Start scheme, 2020” which gives the same benefits as provided to the companies by this scheme.

  • For Companies Fresh Start Scheme, I need to file form CFSS 2020, then LLP Settlement Scheme, 2020, which form I need to file?

    Unlike Companies Fresh Start Scheme, for availing benefits under the LLP settlement Scheme, 2020, you do not need to file form CFSS, 2020. All you have to do is file all the pending forms and documents.

  • I am from Kanpur, can your company file my form CFSS, 2020?

    Ebizfiling.com provides All the services online across India. You can get your Form CFSS, 2020 filed in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur, or any city in India by us.

  • Have some queries?

    Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@ebizfiling.com or call us @+91 9643 203 209.

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