The Ministry of corporate affairs released a notification on 27.05.2022 regarding the payment of additional fees in situations where there has been a delay in filing Form 11 of annual return by Limited Liability Partnerships. The relaxation has been granted up to 30th June 2022.
LLPs are a popular form of business entity in India. LLPs absolve the partners to be free from unlimited liability in the partnership firm. Therefore the government is implementing strict compliance for the companies. LLPs have to be vigilant regarding the annual compliances as penalties are levied each day the filing is delayed.