MCA extends the date on applicability to defaulting LLP till 30th November 2020



Quick Summary
The Ministry of Corporate Affairs (MCA) has announced an extension for defaulting Limited Liability Partnerships (LLPs). This decision, prompted by the widespread disruption caused by the COVID-19 pandemic, pushes the applicability date to 30th November 2020. This means belated documents due for filing up to this new date will be accepted without being considered non-compliance.

In view of the large scale disruption caused by the COVID-19 pandemic and after due examination, MCA has decided to extend the date on applicability to defaulting LLP. Read the official announcement below: General Circular No. 37/2020 File No. 17/61/2016-CL-V Pt-I Government of India Ministr
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Broadcasts
  • Daily E-Newsletter
  • Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits

Already a PRO member? Login here for an ad-free experience.

FAQ :

The MCA has extended the date on applicability to defaulting LLPs until 30th November 2020.

The extension is due to the large-scale disruption caused by the COVID-19 pandemic.

Belated documents that were due for filing up to 30th November 2020 are covered by this extension.

Yes, this is an extension related to the LLP Settlement Scheme 2020, specifically concerning defaulting LLPs.

No, all other requirements provided in the previous circulars remain unchanged.

If the statement of account and solvency for the financial year 2019-2020 was signed not later than 30th November 2020, it will not be considered non-compliance.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »


Popular News





CCI Pro