January 27, 2023
Company Law Latest

Major relief to LLPs by reducing the Late fee

Reduction in LLP fee
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In a welcoming step by the Ministry of Corporate Affairs (MCA), it has been notified to reduce the additional fee in case of filing of the LLP forms.

S.No. Period of Delays Small LLPs Other than LLPs
a. Upto 15 days 1 time 1 time
b. More than 15 days and upto 30 days 2 times of normal filing fees 4 times of normal filing fees
c. More than 30 days and upto 60 days 4 times of normal filing fees 8 times of normal filing fees
d. More than 60 days and upto 90 days 6 times of normal filing fees 12 times of normal filing fees
e. More than 90 days and 180 days 10 times of normal filing fees 20 times of normal filing fees
f. More than 180 days and upto 360 days 15 times of normal filing fees 30 times of normal filing fees
g. Beyond 360 days 25 times of normal filing fees for forms other than Form 8 and Form 11. For form 8 and form 11, 15 times normal filing fees plus Rs. 10 per day for every day delay beyond 360 days 50 times of normal filing fees for forms other than Form 8 and Form 11. For form 8 and form 11, 30 times normal filing fees plus Rs. 20 per day for every day delay beyond 360 days

 

The aforesaid relaxation has been provided to the LLPs by notifying the Limited Liability Partnership (Amendment) Rules, 2022 which shall come into effect from 1st April 2022.

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