Benefit for all Defaulting/ Inactive companies- CFSS-2020

Benefit for all Defaulting/ Inactive companies- CFSS-2020
(Validity: 01 April, 2020 to 30 Sept, 2020)

MCA vide circular no 12/2020 dated 30.03.2020 has introduced benefits for

• Defaulting Companies to file their belated documents in the MCA registry without late / additional fee.
• inactive Companies to get declared itself as ” Dormant Company’ by filing a application with normal fee.

Point to be noted:

1. Immunity from the launch of prosecution or proceedings for imposing penalty shall be provided only to the extent that pertains to any delay associated with the filings of belated documents. Any other consequential proceedings, including any proceedings involving interests of any shareholder or any other person of the company or its directors or key managerial personnel would not be covered by such immunity.