Friday, February 9, 2024

MCA Extends Deadline for Filing Form LLP BEN-2 and Form No. 4D Without Additional Fees

  1. Background:

    • MCA had previously prescribed deadlines for filing E-form LLP BEN-2 and E-form LLP Form No. 4D.
    • These forms are crucial for declaring significant beneficial ownership and specific compliance filings by LLPs.
  2. Extended Deadline:

    • MCA has extended the deadline for filing both forms without additional fees.
    • LLPs can submit E-form LLP BEN-2 and E-form LLP Form No. 4D until 15.05.2024 without incurring extra costs.
  3. Transition to MCA-21 V3:

    • The MCA-21 portal is transitioning from Version 2 to Version 3.
    • Version 3 promises enhanced features and user-friendliness.
  4. Reasoning Behind Extension:

    • Aimed at facilitating a smooth transition for LLPs.
    • Intended to prevent compliance challenges and additional costs during the transition.
  5. Forms Availability:

    • Both forms will be available on MCA-21 Version 3 from 15.04.2024.
    • This provides a one-month window for familiarization before the extended filing deadline.
  6. Implications for LLPs:

    • LLPs benefit from the extended deadline without incurring extra fees.
    • The move promotes compliance and eases the transition process.
  7. Conclusion:

    • MCA's decision supports LLPs in their compliance journey.
    • It is expected to enhance compliance and ease the transition to MCA-21 Version 3