The latest Updates on LLP in the year 2020 are as
follows:
v In
exercise of the powers conferred by sub-section (1) of section 67 of the
Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government
hereby directs that the provisions of section 460 of the Companies Act, 2013
(18 of 2013) shall apply to a limited liability partnership from 30th January,
2020.
v Government
brings schemes for 'fresh start' for companies, LLPs amid Covid- 19 outbreak.
The entities would get immunity from penal proceedings with respect to delay in the submission of requisite filings. The government has extended the deadline for
submitting filings without late fee till September 30, 2020.
"Both the schemes also contain
provision for giving immunity from penal proceedings, including against imposition of penalties
for late submissions and also provide additional time
for filing appeals before the concerned
Regional Directors against the imposition of penalties, if
already imposed," the release said
However, the immunity would be only
against delayed filings in MCA 21 portal and not
against any substantive violation of the law.
Requisite filings to the ministry are made
through the MCA 21 portal.
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