What is LLP Settlement Scheme 2020?

The LLP Settlement Scheme 2020, after its amendment with effect from 1st April 2020 is a one time opportunity to all the defaulting LLP to file their pending returns. Don't miss this opportunity and file all the pending returns of your LLP such as Form 3, Form 4, Form 11 and 8. This is a golden opportunity to file all old & pending returns of your Limited Liability Partnership Firm without any additional fee and penalty.

What an incredible amnesty scheme has been introduced by the Ministry of Corporate Affairs (MCA) for all the LLP which for some reason has defaulted in filing any return to the LLP. The New LLP Settlement Scheme is effective from 1st April 2020 and shall continue until 30th September 2020.

The first step should be to find out the correct ROC Filing status of your LLP. In view of this scheme, we are offering a Free due diligence check of your LLP to find out if there is any lapse in the filing of any document, statement or return to the ROC. just submit your request by visiting the page [Free ROC Filing Status Check] or mail us at ca@setindiabiz.com

Request Quotation/Call Back
From Startup Specialist

Name*

Phone*

Email*

Company Name*

Please Write Your Query Here*

Reasons and Object of LLP Settlement Scheme

This is a one-time golden opportunity for the defaulting LLP to file all pending returns and come clean.

As discussed for the reason of non-filing of the required returns by defaulting LLP several LLP has remained non-compliant resulting in the following adverse consequences, which is precisely why the LLP Settlement Scheme 2020 has been announced.
ROC Records Updation:

The ROC records of the LLP are open for inspection by the stakeholders on payment of the prescribed fee, however as the LLP did not file requisite forms the records of the LLP are not updated and hence not available for inspection by the stakeholders.
Avoid Criminal Prosecution of Partners

Due to non-filing of LLP Form to the ROC the designated partners are liable for criminal prosecution. Under this scheme the designated partners of defaulting partners are granted immunity from prosecution.
So that the inactive LLP is able to Close

As several LLP did not file Form 3 and annual returns in form 11 and form 8, the LLP can not be closed as it is a prerequisite before the LLP goes for liquidation or winding up. Under this scheme the expectation from the inactive LLP is to file all the pending forms/returns and then close if required.

Effective Date (1st April to 30 Sep 2020)

The Revised LLP Settlement Scheme 2020 is effective from 1st April 2020 and shall be open for filing of all the old and pending forms upto 30th September 2020. The original scheme has been revised to extend the date and benefits.
Applicability (All Pending Forms and Returns)

The Scheme is applicable to all defaulting LLP for the forms which were due for filing until 31st August 2020. In simple words, it is available for filing Form 11 and Form 8 for the financial years up to 2018-19, however for the LLP Form 3 and 4 all forms which are due until 31 August 2020 can be filed under this scheme.
Benefit (100% Late Fee Waiver)

The most important benefit of the LLP Settlement Scheme 2020 is that it gives you complete waiver of additional fee and there is no penalty on filing of any LLP Return whatsoever. This scheme is a replica to the Companies Fresh Start Scheme 2020 for the Limited Liability Partnerships.
Immunity from Prosecution

The defaulter LLP and its partners are liable for criminal prosecution for non-filing of required forms and returns under the LLP Act, However, if the defaulting LLP files all the pending returns before 30th September 2020, they shall be entitled to immunity from prosecution in respect of the documents or forms they file under this scheme.

Step - 1: Due Diligence Check - 1-2 Days

Through the process of due diligence, you shall discover all the defaults of the past and can take remedial steps to correct it. The LLP Settlement Scheme 2020 gives a one time opportunity to come clean and start afresh your LLP. We have a Complimentary Service to do Due Diligence check Limited to ROC Filing. Please contact us
Step - 2: File All Pending Returns - Within one week

Once you know what are the forms, documents, statements, and returns, which have to be submitted to ROC for your LLP. Get it done from Setindiabiz. We have a dedicated team of Company Secretaries waiting to help you to file all your pending returns on a reasonable professional fee. Please note that 30th September is the last date to file pending forms under LLP Settlement Scheme - 2020
Step - 3: Wait for approval of the ROC - Instantly to 10 Days

After you have filed all your pending forms, wait for its approval by the ROC. The annual returns like Form 11 and Form 8, etc get approved instantly based on the professional attestation. However, forms like Form 3 and Form 4 may take some time in getting approved.
Step - 6: Move ahead in Life

Well, since now all pending compliance of the LLP is over, relax and take appropriate steps to do the complete due diligence of your business in future. You may do the following
1. Keep doing business and always remain compliant
2. Close your business by filing Form 24

Videos on LLP Settlement Scheme 2020

Frequently Asked Questions

What is the purpose or intent of LLP Settlement Scheme 2020?

The purpose of the LLP Settlement Scheme is to reduce the compliance burden on small businesses and give an opportunity to all the LLP which has defaulted in the past with respect to any ROC Filing. This is an incredible amnesty scheme by MCA which allows a defaulting/inactive LLP to file all pending compliance related returns and documents in the MCA-21 portal without any additional fee and penalty.

What is the benefit of the LLP Settlement Scheme 2020?

There are two major advantages of this scheme, first it allows a window of opportunity to file all pending returns like Old Form 3, Form 4, Form 11, Form 8 i.e. comply with the legal provisions of the Limited Liability Partnership Act, 2008. Secondly there is complete waiver of the additional fee, which is really a very big benefit to the small businesses. Apart from the two benefits the LLP and its designated partners are granted immunity from prosecution.

What is the timeline of the LLP Settlement Scheme 2020?

The timeline of the scheme gives a window of six month from 1st April to 30the September 2020, within which the LLP should file all its pending returns.

What shall be the fee payable on filing the pending e-forms ?

The government fee for filing all pending LLP Forms under the LLP Settlement Scheme has been completely waived off and only the normal filing fee is payable, which is very reasonable.

What LLP is eligible for availing this Scheme?

The LLP Settlement Scheme permits all defaulting LLPs toi file belated documents and forms which were due to be until 31st August 2020. In other words all llp which has defaulted in filing any of the return is eligible

What kind of LLPs can avail the benefits of this scheme?

This scheme is available to all active LLP (which has not been closed already or for which form 24 is already filed for closure), irrespective of its size and type. Any LLP which has ever defaulted in filing a document, statement or return to the registrar of companies can take benefits of this scheme.

Can the designated partners who did not filed DIN KYC can file the KYC under this Scheme?

As per the MCA, all the DIN which has been marked as Deactivated due to non filing of the DIR-3 KYC has been marked as Active and the directors/designated partners can now first file their DIR-3KYC without any fee and then they may file any belated return of the company

Is it necessary to file all pending returns to claim immunity under this Scheme?

Yes, the immunity is available only when the LLP files all the pending returns. Hence this MCA Amnesty scheme known as LLP Settlement Scheme is good only when all the pending forms have been filed.

What are the e-forms which shall be given benefit of no late fee under this Scheme?

Under the LLP Settlement Scheme 2020 (ROC Amnesty Scheme for LLP) all belated forms/returns can be filed. There is no form which has been left out.

Whether this Scheme will provide immunity to the defaults in filing the annual return?

Yes, The instant MCA Amnesty Scheme known as LLP Settlement Scheme 2020 has one of the main purposes to encourage LLPs to file all pending returns including the annual returns like Form 11 and Form 8. It can be said without any doubt that this scheme covers the annual returns of the LLP very well.

Give me an example of the benefit of this scheme if I file annual returns of the past two years?

To illustrate the benefits of the LLP Settlement Scheme, let's take an example. Suppose a LLP “ABC Technologies LLP” has not filed form 11 and form 8 for the past two financial years i.e 2017-18 & 2018-19, then the following shall be the cost saving in the new scheme. The below calculation is as on 31st March 2020.

Sl. No	Form Name	Delay (Days)	Normal Cost	Late Fee
1	Form -11 - (FY 2017-18)	671	50	67,100
3	Form - 8 - (FY 2017-18)	518	50	51,800
7	Form -11 - (FY 2018-19)	306	50	30,600
8	Form - 8 - (FY 2018-19)	153	50	15,300
		Total	200	164800

As you can see from the above table that under the Companies Fresh Start Scheme there is substantial saving of Rs. 164800/- on Late Fee apart from immunity from the prosecution by the ROC.

What will happen to those LLP, which does not take advantage of this Scheme?

The LLP Settlement Scheme is valid until 30th September 2020. We urge you to file all pending LLP Returns without any second thought and come clean. We have never seen such an amnesty scheme giving a one time waiver of additional fee/late fee for all the pending MCA E-Forms.

However, if someone misses the opportunity, then the ROC would go behind all the designated partners/partners and file prosecution cases. The exorbitant additional fee will come in way while filing the old return to the ROC. In short the LLP which could not take advantage of this scheme shall face all the consequences as may be applicable to a defaulter in the Limited Liabilities Act, 2008.

How can setindiabiz help us in filing all pending forms under LLP Settlement Scheme 2020?

Setindiabiz provides professional service for, Registration of Companies & LLPs with the registrar of companies all over India and to obtain all kinds of Licences as may be necessary. We further assist the companies and LLPs to meet all the compliances and provide services of a Chartered Accountant, Company Secretary and Lawyers at one single place. We shall help you to do due diligence for this scheme and then you can avail of our services for filing of the pending LLP Returns.

Where can I go to meet the Setindiabiz advisor to understand in detail about the LLP Settlement Scheme?

We have our offices located in Delhi, Mumbai, Bangalore and Hyderabad. You are welcome to meet us at any place as per your convenience. However please take prior appointment before walking in to our offices.

Trusted by Leading Companies

Google Review of Setindiabiz, We are Lovin It

Shashi Kumar , March 07, 2020

Excellent service, Very cooperative, Especially Harish sharma's way of talking and understanding your query is extremely nice. Thank you setindiabiz team...See at Google

Arnab Chatterjee , March 05, 2020

Excellent service, prompt response. Very professional approach to the entire process. Special thanks to Neha who made it very easy for me....See at Google

Mallappa Desai , March 4, 2020

SETINDIABIG good services with in a short period of time, employees excellently coordinate with a clients Tq SARANYA and team for supporting me, nice job keep it up guys...See at Google

Pinky Singh , Feb 19, 2020

Registration took just one day to complete. Speed of execution is key to start new business and Setindia understands the needs of customers. Keep up the good work Rahul and Kuldeep...See at Google

Ram Singh , Feb 11, 2020

They are truly committed to their statements .Their work is also very quick and on time and they even treat their customers in a very polite manner everytime...See at Google

Nabendu Chakraborty , Feb 21, 2020

The executive person were incredible helpful and understanding of my views of situation and did everything they could to get me the Incorporation Certificate of our Company...See at Google

Nagendra Mallannagari , Feb 23, 2020

I am very satisfied with the work. which Sana Parveen had done. really appreciate for the fast process and. access. thanks to setindiabiz and Sana Parveen...See at Google

Aryant Nagaraju , Feb 23, 2020

Awesome great service! We are unexpected. my company get easy all legal documents through SetIndiabiz. They are provided best service. Thank you SETINDIABIZ...See at Google

Marvel Punisher , Feb 24, 2020

I have done my company registration at SETINDIABIZ along with TM and taken consultancy services for FDI . Services and guidance was given as per law and our work had done so smoothly that we never expected...See at Google

Rocky Roy , Feb 25, 2020

I am very impressed with work delivery system of Setindiabiz & team. They're very much competent to guide any start Up in statutory compliance in CA,CS & legal and to grow their business...See at Google

Indu Sinha , Feb 25, 2020

Good company, good people gives compliance related services in very professional way and delight customer by their services. i very much recommend for legal compliance...See at Google

Ashu Pareta , Feb 26, 2020

Highly supporting system for new business.. thankyou SETINDIABIZ for providing every type of business related support to new in field like me...See at Google

Avinash Pareta , Feb 26, 2020

Thank to all team members of SETINDIABIZ ..Your customer support is really like Backbone... Special thanks to "Mr. Praveen Singh" who is proactive and always approachable whenever required. Thanks to all...See at Google

Nitin Nayal , Jan 13, 2020

Big thanks to Kuldeep, Shaily and folks at SetIndiaBiz for registering my company within 7 days. Everything was handled professionally, and I was always made aware via mail and phone of progress, even for smaller things... See at Google

Satish Prajapati , Jan 10, 2020

I appreciate your service and will surely recommend to my friends who are looking for registering their company . It was a excellent job done by you. All the best you are doing a great job... See at Google

NishanthKumarTheGreat , Jan 01, 2020

Thanks For Helping In Registration of Company And Registration of GST. They Come Quickly Than Estimated Time. See at Google

Sunil Prajapati , Jan 01, 2020

My notions were feeble to pay for online services before "SETINDIABIZ" experiences. However they utterly pay-off my each penny by their swift and authentic services. See at Google

Dominic Salt , Jan 01, 2020

Thank you SETINDIABIZ for all your help in registering my private limited company in Bangalore, very smooth and they made it very easy for me. Thanks to Anitha from the BANGALORE... See at Google

TSR REDDY , Dec 24, 2019

Very Good Service, Quick Qquality Work, Time completed, Low Cost Work, We be Happy. TSR ENGINEERING PVT LTD /Director. See at Google

Pooja Ghose , Aug. 25, 2019

Interacted with Mr. Manav Gandhi for filing my gst returns. He was very courteous, polite and quick-to-action. Thank you for your service!...See at Google

Travelbid 2018 , Aug. 25, 2019

perfection, sincerity, on timing means SETINDIABIZ. contacted several companies for my work online and offline but couldn't get anyone to...See at Google

Manoj Mukundan , Sept. 18, 2019

Excellent services offered for Start Up Firms and also for existing companies. Hope SetIndiaBiz opens up more offices in Tier II cities and render their services.See at Google

Sreeroop KT , Sept. 18, 2019

Excellent support from Manav Gandhi at SETINDIABIZ. He ensured to stay back in office till late night and complete our work at the earliest and provided a good support...See at Google

Faiz Ahmad , Sept. 20, 2019

Good work done by Mr manav gandhi ,he is more concerned about my work to be completed on time,loved his working.See at Google

Kiran S , Sept. 22, 2019

I always had a great experience with SetIndiaBiz. It is since 2 years that I am getting all my trademarks done through them...See at Google

Vishal Deshmukh , Dec 18, 2019

Best legal service provider and flexibility in time commitment.All executives from sales to operations team: neha & Swati are really good in customer service.See at Google

Jaishree Kashyap , Dec 19, 2019

Great Experience. Thanks SETINDIABIZ and Mr. Manav for the proactive Customer care Services.See at Google

Sarkar M.Z , Dec 07, 2019

I would like to mention that Set India Biz is one of the best professional company I have worked with. All team members are customer focused and helped us to incorporate...See at Google

Pravesh Verma , Nov 15, 2019

I believe with the relationship with SETINDIABIZ is worth value for money. Our account was managed by Proshanto and he has very proactive to support us in all phases of... See at Google

Syed Naseruddin , Dec 06, 2019

Overall it is good Experience. Representatives are very active. They will walk you through each and every process. They will help you with the documentation. I ...See at Google

Punya Gautam , Dec 05, 2019

Great service with understanding of budget and requirement of customer. A trustful firm for people who has basic knowledge of legal rules. Friendly team and super... See at Google

Rahul Gangurde , Dec 11, 2019

I highly appreciate the managers and co-workers as they are highly committed to their work. All the reports, forms and correspondence are completed on time with no errors. See at Google

Srinivasa Rao Valiveti , Nov 26, 2019

I had very good experience of setting up my company. The team at SetIndiabiz are professional & understands need and executes at pace needed. I really appreciate & recommend. See at Google

Amlan Dutta , Nov 10, 2019

Setindiabiz is a Great Company for registration of PVT. LTD. , LLP or any other company. Their process is fast but due to Durga puja holiday my company is incorporated little bit late. See at Google

Kingsmen Security , Nov 26, 2019

We got our documentation done by SetindiaBiz and we are really happy to have found the right consultancy. Really helpful, patient and friendly staff. highly recommended. See at Google

Sunil Ob , Oct 19, 2019

Perfection and quality makes SETINDIABIZ differ from other companies. Promptness is an additional quality of them. Hats-off guys. Good Job done. thanks and will recommend you people...See at Google

Manga Lucas , Nov 17, 2019

I'm happy with the phone and the deal i got from the company. Speaking with the service team helped me get exactly what i was looking for. Especially Mr. Shubendu &... See at Google

Ashok Satapathy , Nov 17, 2019

Dedicated. supportive and understanding team.. What else we need to get the jobs done? Thanks to Set India Biz for helping me...See at Google

Abdul. Constructions , Dec 15, 2019

Have a great pleasure, and experience with team 'SETINDIABIZ' knowledgeable and supporting staff. As per our requirement, They committed and completed the said...See at Google

Rahul Raj , Nov 12, 2019

It's amazing. It was easy to understand and work was completed smoothly. Liked there work and recommend everyone to give them a chance. The best thing for setindiabiz is...See at Google

Rahul Goyal , 19 Oct, 2019

Very Nice and great company, all the executives are so polite and professional, they know their work very well and they are master in them. This company manages me and my companies...See at Google

Mohamed Salman Shariff , 19 Nov, 2019

Reliable with service satisfaction, employees are very helping & cooperative. Am grateful & thank you to the entire team of SetIndiabiz was...See at Google

Abhishek Balchuguri , 19 Nov, 2019

I have had a very good experience with them in incorporating my LLP. Sana Parveen from Delhi office has been very helpful and very much approachable, she ...See at Google

Aakanksha Shirbhate , 19 Nov, 2019

The complete team is amazing, a very co-operative and helpful. They will answer all your questions calmly even if you ask same thing million of times. Special thanks to Rahul and....See at Google

Manjunath S , 19 Nov, 2019

I should write here .. I'm really impressed about Ms. PUJA.. You're an asset to your company Setindiabiz... I'm writing most about the person than the company because she...See at Google

ANIL YADAV , 19 Sep, 2019

GOOD COMPANY FOR DEALING WITH STARTUPS ESPECIALLY FOR DOCUMENTATION AND REGISTRATION. ON TIME ACTION AND POSITIVE RESULTS. ...See at Google

Mdz , 19 Nov, 2019

Great people, culture, All of the team, including the managers are approachable, helpful, caring and hard working.....keep up the good work....!! and yes Thanks...See at Google

Pravesh Verma , 19 Nov, 2019

I would like to mention that Set India Biz is one of the best professional company I have worked with. All team members are customer focused and helped us to incorporate the...See at Google

Divya Kholakiya , 19 Nov, 2019

Rhanks To Sana For Being An Best Supportive Cordinator All The Time. On Start Had face a Lot of Issues because of mumbai Office but then Got in Contact with Sana and She...See at Google

Radhakrishnan Velayudhan , 19 Nov, 2019

Excellent service. Mainly, its the timely update needed which is supplied on regular intervals. Ms. Khushboo & Ms. Swati were very cooperative in this regard. Shouldn't...See at Google

Mukund Tripathi , 30 Sep, 2019

The support given to me by corporate lawyer Mr. Kishore is really commendable. He was very cooperative in her approach towards our requirement and found out ways to move...See at Google

Sri Nithya Saswathananda , 20 Sep, 2019

I had a good experience with SetIndiaBiz for TM registration. Mr. Shubham who was dealing my case was very professional and clear about what is to be done and when. ...See at Google

SANDEEP KUMAR , 20 Sep, 2019

REALLY FAST AND PROMPT SERVICE.VERY GOOD EXPERIENCE OF SETTING UP ALL THE REQUIREMENTS WITHOUT ANY HINDERANCE. .THANKS TO THE TEAM ESPECIALLY MR. PUNDREEK PANDEY AND ...See at Google

Amit Kumar , 20 Sep, 2019

I hardly trust people in business society. However, the people in this company are exception. You can trust them blindly. They are unbelievably good at their job. ...See at Google

See More Google Review of Our Braches

Shalimar Bagh, Delhi Hauz Khas, Delhi Mumbai Bangalore Hyderabad

Chat on WhatsApp+91-9899-600-605

Chat onFacebook Messanger

Customer Support Portal

online support

India

Delhi, Mumbai, Bangalore & Hyderabad

LLP Settlement Scheme 2020File all pending returns without any penalty

What is LLP Settlement Scheme 2020?

Reasons and Object of LLP Settlement Scheme

ROC Records Updation:

Avoid Criminal Prosecution of Partners

So that the inactive LLP is able to Close

Benefits & Applicability of the LLP Settlement Scheme 2020

Effective Date (1st April to 30 Sep 2020)

Applicability (All Pending Forms and Returns)

Benefit (100% Late Fee Waiver)

Immunity from Prosecution

Stepwise Process To Use LLP Settlement Scheme 2020

Step - 1: Due Diligence Check - 1-2 Days

Step - 2: File All Pending Returns - Within one week

Step - 3: Wait for approval of the ROC - Instantly to 10 Days

Step - 6: Move ahead in Life

Videos on LLP Settlement Scheme 2020

Frequently Asked Questions

What is the purpose or intent of LLP Settlement Scheme 2020?

What is the benefit of the LLP Settlement Scheme 2020?

What is the timeline of the LLP Settlement Scheme 2020?

What shall be the fee payable on filing the pending e-forms ?

What LLP is eligible for availing this Scheme?

What kind of LLPs can avail the benefits of this scheme?

Can the designated partners who did not filed DIN KYC can file the KYC under this Scheme?

Is it necessary to file all pending returns to claim immunity under this Scheme?

What are the e-forms which shall be given benefit of no late fee under this Scheme?

Whether this Scheme will provide immunity to the defaults in filing the annual return?

Give me an example of the benefit of this scheme if I file annual returns of the past two years?

What will happen to those LLP, which does not take advantage of this Scheme?

How can setindiabiz help us in filing all pending forms under LLP Settlement Scheme 2020?

Where can I go to meet the Setindiabiz advisor to understand in detail about the LLP Settlement Scheme?

Trusted by Leading Companies

Google Review of Setindiabiz, We are Lovin It

See More Google Review of Our Braches

LLP Settlement Scheme 2020File all pending returns without any penalty

What is LLP Settlement Scheme 2020?

Reasons and Object of LLP Settlement Scheme

ROC Records Updation:

Avoid Criminal Prosecution of Partners

So that the inactive LLP is able to Close

Benefits & Applicability of the LLP Settlement Scheme 2020

Effective Date (1st April to 30 Sep 2020)

Applicability (All Pending Forms and Returns)

Benefit (100% Late Fee Waiver)

Immunity from Prosecution

Stepwise Process To Use LLP Settlement Scheme 2020

Step - 1: Due Diligence Check - 1-2 Days

Step - 2: File All Pending Returns - Within one week

Step - 3: Wait for approval of the ROC - Instantly to 10 Days

Step - 6: Move ahead in Life

Videos on LLP Settlement Scheme 2020

Frequently Asked Questions

What is the purpose or intent of LLP Settlement Scheme 2020?

What is the benefit of the LLP Settlement Scheme 2020?

What is the timeline of the LLP Settlement Scheme 2020?

What shall be the fee payable on filing the pending e-forms ?

What LLP is eligible for availing this Scheme?

What kind of LLPs can avail the benefits of this scheme?

Can the designated partners who did not filed DIN KYC can file the KYC under this Scheme?

Is it necessary to file all pending returns to claim immunity under this Scheme?

What are the e-forms which shall be given benefit of no late fee under this Scheme?

Whether this Scheme will provide immunity to the defaults in filing the annual return?

Give me an example of the benefit of this scheme if I file annual returns of the past two years?

What will happen to those LLP, which does not take advantage of this Scheme?

How can setindiabiz help us in filing all pending forms under LLP Settlement Scheme 2020?

Where can I go to meet the Setindiabiz advisor to understand in detail about the LLP Settlement Scheme?

It is easy to seek the answer to your queries, and We are close to you

Trusted by Leading Companies

Google Review of Setindiabiz, We are Lovin It

See More Google Review of Our Braches