MCA grants extension of time for Limited Liability Partnerships

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The Ministry of Corporate Affairs (MCA) has recently extended the deadline for filing Form LLP BEN-2 and LLP Form No. 4D for Limited Liability Partnerships (LLPs). Here are the details:

  1. Background:

    • The MCA introduced LLP BEN-2 and LLP Form No. 4D as crucial forms for declarations under the Companies Act, 2013.
    • These forms relate to significant beneficial owners and beneficial interest in contributions received by the LLP.

  2. Extension and Waiver of Additional Fees:

    • To facilitate compliance during the transition from MCA-21 version-2 to version-3, the MCA has extended the deadline.
    • LLPs now have until 1st July 2024 to submit these forms without incurring any additional fees.
    • This extension aims to ease the financial burden on LLPs and promote adherence to legal obligations.

Conclusion:

    • General Circular No.-03/2024 demonstrates the government’s commitment to supporting businesses, especially LLPs, during transitional phases.
    • By prioritizing ease of doing business and encouraging compliance, the MCA promotes transparency and efficiency within the corporate sector.