Ministry of Corporate Affairs (MCA) vide its update on its website dated: June 3, 2023 amended Form 11 to be file by Limited Liability Partnerships (‘LLP’)
Form 11 LLP resembles for MGT-7 filed for companies. It is annual return of LLP.
With this new amendment in Form 11 MCA has made some of the features in form 11 prefilled. So earlier the points had to be manually filled up. Now these features will be prefilled. This will further prevent hassles in filing of that form.
Changes by MCA in Form 3 LLP
Ministry of Corporate Affairs has vide its notification no. G.S.R. 411(E) amended Limited Liability Partnership (LLP) Rules, 2009 vide Limited Liability Partnership (Amendment) Rules, 2023.
The amended rules will come into effect from 02nd June 2023.
One significant change introduced by the amendment is the substitution of LLP Form No. 3. This form is used to provide information regarding the Limited Liability Partnership Agreement and any changes made therein.
The substitution of the form suggests that there may be modifications in the information required or the format for reporting such details during the LLP incorporation process or during intimation of changes in LLP agreement to MCA. Form LLP-3 is a specific form used for filing the “Information with regard to limited liability partnership agreement and changes, if any, made therein” with the Registrar of Companies (RoC) in India. It is a document that needs to be submitted by a limited liability partnership (LLP) to provide information about its partnership agreement and any modifications made to it. This will go a long way in ensuring hassle free filing.
Disclaimer: This article provides general information existing at the time of preparation and we take no responsibility to update it with the subsequent changes in the law. The article is intended as a news update and Affluence Advisory neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this article. It is recommended that professional advice be taken based on specific facts and circumstances. This article does not substitute the need to refer to the original pronouncement
