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Seize the Chance: No Extra Fees for Late LLP Form 3, 4, and 11 Filings

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Seize the Chance: No Extra Fees for Late LLP Form 3, 4, and 11 Filings

Seize the Chance: No Extra Fees for Late LLP Form 3, 4, and 11 Filings

The Government has received observations from various stakeholders about encountering problems while trying to submit specific forms for Limited Liability Partnerships due to various reasons including due to mismatch in the master data in the electronic registry of the Ministry.

These forms include Form-3-filling for changes to the LLP Agreement and changes therein, Form-4-filling for Notice of appointment, cessation, change in name/ address/ designation of a designated partner or partner and consent to become a partner/ designated partner, and Form-11-filling of Annual Return of LLP.

Hence, the Ministry, as a part of Government’s measure to promote ease of doing business, has decided to give a one-time-relaxation to pay additional fees to those LLPs, who could not file Form-3, Form-4, and Form-11 within the prescribed due date.

Key Highlights of Ministry’s General Circular No. 08/2023 dated 23.08.2023 include:

1. Forms 3 and 4 would be processed through a Straight Through Process (STP) except for changes in business activities. People who need to submit these forms are required to submit  in a sequential manner. For example, start with the forms for older events' dates first and move forward so as to enable updation of correct master data.

2. While filing these forms, the information already available in the existing master data will be automatically prefilled. However, it will be available with the edit option. The stakeholder is required to fill correct data in the form. In the case of any misrepresentation of information, the responsibility falls on the stakeholder and will be liable for legal consequences.

3. The filing of Form-3 and Form-4 without additional fee shall be applicable for the event dates 01.01.2021 and onwards.

For event dates prior to 01.01.2021, additional fees of 02 times and 04 times of normal filing fees will be applicable for small LLPs and Other than small LLPs respectively.

4. The filing of Form-11 without additional fee shall be applicable for the financial year 2021-22 onwards.

However, for Form-11 of previous years i.e., for prior to financial year 2021-22, additional fees of 02 times and 04 times of normal filing fees will be applicable for Small LLPs and Other than small LLPs respectively.

5. These forms shall be available for filing from 01.09.2023 onwards till 30.11.2023. (Both dates inclusive).

6. The LLPs availing the scheme shall not be liable for any action for delayed filing of the Form-3, Form-4 and Form-11.

Refer following link for circular:

https://www.mca.gov.in/bin/dms/getdocument?mds=Zt6foWsl%252BABAbU7Pid9NGg%253D%253D&type=open

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