MCA has issued a Circular for extension of LLP Settlement Scheme, 2020 till November 30, 2020

The Ministry of Corporate Affairs ( MCA ) vide General Circular No. 37/2020 dated November 09, 2020 extended the date for LLP Settlement Scheme, 2020 till November 30, 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 December 31st 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 November 30th 2020 shall be substituted. All other requirements provided in the said circulars shall remain unchanged.

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 November 30th 2020, the same shall not be deemed as non-compliance.

The General Circular can be accessed at: http://ebook.mca.gov.in/Default.aspx?page=notification

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