Representation to MCA for extension of time for preparing and filing the statement of Account and Solvency by LLPs



Quick Summary
The Institute of Company Secretaries of India has formally requested the Ministry of Corporate Affairs (MCA) to extend the deadline for Limited Liability Partnerships (LLPs) to prepare and file their Statement of Account and Solvency. The current regulations require LLPs to prepare this statement within six months of the financial year-end and file it within 30 days thereafter, with audits required for most LLPs. Practical difficulties, exacerbated by the COVID-19 pandemic, have made compliance challenging.

The Institute of Company Secretaries of India has written a representation letterrequestingfor an extension of time limit for preparing the Statement of Account and Solvency and for getting the accounts audited in LLPs and subsequent filing thereof. Read the official representation letter below: MCA: 2021 Shri Rajesh Verma, IAS Secretary Ministry of Corporate Affairs Government of India Shastri Bhawan Dr. Rajendra Prasad Road New Delhi -110001 Subject: Request for extension of tim
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 Community
  • Daily E-Newsletter
  • Unlimited News Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694

FAQ :

The Institute of Company Secretaries of India has made the representation to the MCA.

The representation requests an extension of time for LLPs to prepare, get accounts audited, and file their Statement of Account and Solvency.

LLPs must prepare a Statement of Account and Solvency within six months of the financial year-end and file it in Form 8 within 30 days after that period. Audits are also required for most LLPs.

LLPs are facing practical issues in preparing the Statement of Account and Solvency and in getting their accounts audited, particularly due to the COVID-19 scenario.

The Institute of Company Secretaries of India has requested an extension of 30 days.




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



Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
19 October 2026
Accountants/Articles (Freshers/Experienced)

ADY & CO.

New Delhi

Graduate (Any)

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details