MCA Advisories on Updates for LLP’s

The Ministry of Corporate Affairs (MCA) has taken a number of steps to better assist industry. The Companies Act of 2013 (the Act), the Limited Liability Partnership Act of 2008, and the Insolvency and Bankruptcy Code of 2016 are all administered by the Ministry of Corporate Affairs (MCA). MCA21’s major goal is to make seamless integration and data interchange across regulators as easy as possible.

Important LLP Communications:

• On the MCA21 portal, the Ministry of Corporate Affairs is establishing a new form of e-filing for LLPs.
• All LLP filings will be done online in the future.
• This application is scheduled to go live on March 6, 2022 at 12:00 a.m.

Stakeholders are recommended to plan as follows to make this implementation easier:

• From 12:00 AM on February 25, 2022, LLP e-Filings via the MCA21 portal will be disabled.
• It is recommended that all stakeholders double-check that there are no SRNs in the pending payment state.
• Offline payments for LLPs via Bank Challan and Pay Later will be discontinued as of February 19, 2022 at 12:00 a.m.
• Please note that payments for LLP will be taken only through online mode (Credit/Debit Card and Net Banking) from February 19th to February 25th, 2022 12:00 AM.
• On February 25, 2022, at 12:00 a.m., DSC association and new user registration on the MCA21 site will be disabled.
• With the launch of the LLP, these services will be resumed in a new application. d. Please note that the completion of Company filings will not be hampered.