Relaxation in Payment of Additional Fees and Extension of Dates

SHORT SUMMARY

In this editorial, author shall discuss the circular issued by Ministry of Corporate Affairs on 31^st May, 2022 in respect of LLP. By this circular MCA has relaxed additional fees on LLP forms due to technical issued faced by corporates on MCA Website.

As per Circular, MCA has extended Due Date of various forms of LLP up to 30^th JUNE 2022

A. APPLICABILITY OF CIRCULAR

Que:1 Which forms of LLP are including in this circular?

Ans: MCA has not restricted this circular up to a Limit. This circular is applicable for all the forms of LLP.

Que:2 How to check, whether your form falling under this circular for relaxation or not?

Ans: Simple way to check the availability of relaxation for your form,

• “Due Date of Form should fall between 25 Feb 2022 to 31 May 2022”.
• Even date should be on or after 26^th January 2022.

B. CASES SHALL NOT FALL IN CIRCULAR:

Following below mentioned forms shall not get benefit of this circular.

1. If Due Date of Form is on or before 24^th February 2022.
2. If Due Date of Form is on or after 1^st June 2022

Que:3 If LLP has entered into agreement on 15^th February 2022 and form has not filed. Whether LLP can file this form without additional fees?

Ans: As LLP-3 required to be file within 30 days of enter into agreement. LLP entered into agreement on 15 February 2022 then due date of LLP-3 shall be 17 March 2022.

17 March 2022 shall fall between the criterial of due date mentioned in circular i.e. (Due date between 25 Feb 2022 to 31 May 2022), therefore LLP can file such LLP-3 without additional fees till 30 June 2022.

Que:4 What can be event date for the purpose of taking benefit of this circular?

Ans: As we know mostly forms of LLP should be file within 30 days of the event. Considering the same, one can opine that even date should be on or after 26 January 2022 to take benefit of this circular.

If even date is on or before 25^th January 2022 then such LLP can’t take benefit of this circular. (except Incorporation, Name Change - As per LLP act Name is valid for 90 days)

Que:5 If any name of LLP approved but due date of FiLLiP falls between 25 Feb to 31 May, whether such FiLLiP can be file till 30 June 2022?

Ans: As MCA has given extension and relaxation from additional fees to all LLP forms falling between 25 Feb to 31 May.

Therefore, one can opine that if any name approved on or after 27 November 2021 then FiLLiP can be file till 30^th June 2022 without any difficulty.

Que:6 If any for is in Resubmission as on 25^th February 2022 and due date of resubmission expired due to non-working MCA Site. Whether such forms will get benefit under this Circular?

Ans: As MCA has given extension and relaxation from additional fees to all LLP forms falling between 25 Feb to 31 May (Actual Due Date or Resubmission Due Date).

Therefore, one can opine that all the forms which were in Resubmission as on 25^th February 2022 will get extension for resubmission till 30^th June, 2022 under this circular.