LLP Forms: Drastic reduction in Additional or late fees

Last Updated On: Feb. 14, 2022, 12:32 p.m.
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DRASTIC REDUCTION IN ADDITIONAL/LATE FEES OF LLP'S FORM

Limited Liability Partnership is a combination of company and Partnership firm where we have a limited liability of partners to contribute in capital and governed by LLP Agreement. LLP has 2 annual compliance requirement and any other change in partners & their capital and address of the LLP are usually reported to Registrar of Companies by filing e-forms

 

As per the lastest Amendment of Limited Liability Partnership (LLP) rules, 2009 by inserting a new Limited Liability Partnership (Amendment) Rules, 2022 which will be effective from 01st April 2022. One of the main Amendments will be discussed in this article.

 

REDUCTION IN ADDITIONAL FEES FOR THE FOLLOWING:

 

Sl.No Period of delays Small LLPs  Othe than small LLPs
1. Up to 15 days One Time One Time
2. More than 15 days and up to 30 days 2 times of normal filing fees  4 times of normal filing fees
3. More than 30 days and up to 60 days  4 times of normal filing fees  8 times of normal filing fees
4 More than 60 days and up to 90 days 6 times of normal filing fees  12 times of normal filing fees
5. More than 90 days and up to 180 days 10 times of normal filling fees. 20 times of normal filling fees.
6.

More than 180 days and up to 360 days

15 times of normal filling fees. 30 times of normal filling fees.
7. Beyond 360 days 25 times of normal filling fees 50 times of normal filling fees.

 

 

Kindly Note:

1. Small LLP's: For forms other than Form -8 and Form -11, For form -8 and 11, 15 times of normal filling fees PLUS Rs.10 per day for every day delay beyond 360 days

2. Other than Small LLP's: For forms other than Form -8 and Form -11, For form -8 and 11, 30 times of normal filling fees PLUS Rs.20 per day for every day delay beyond 360 days

 

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