The Ministry of Corporate affairs (MCA) has issued new Scheme “Companies Fresh Start Scheme 2020” which simply means File all pending ROC returns without any penalty. 

Brief about the Companies Fresh Start Scheme 2020:

The central government has launched the Companies Fresh Start Scheme with effect from 1st April 2020 to allow a defaulting or inactive company to file any document, statement, returns including annual returns to the Registrar of Companies of any period without payment of any additional fee and penalty. This is a golden opportunity to file all old & pending returns of your company without any additional fee and penalty.

Last date of Companies Fresh Start Scheme 2020: The scheme is effective from 1st April 2020 and shall continue until 30th September 2020. 

Applicability of the Companies Fresh Start Scheme 2020:

The scheme is available to all defaulting companies which has not filed any form to the ROC within its due date and thus has defaulted under the Companies Act, 2013. This scheme is available to all companies irrespective of its type, hence it is available to every Private Limited Company, One Person Company (OPC), Small Company, Section -8 Company, Nidhi Company, Producer Company and all Public Limited Companies.

All additional fee & penalty waived off:

Every document, statement or returns as prescribed under the Companies act have a prescribed due date. When a company fails to file the ROC Forms/Returns the same can be filed with an additional fee as per section 403 of the act. The additional fee for default in filing the annual return is Rs. 100 per day. For example, if a company has delayed the filing by six months then the additional fee shall be more than 18,000 for one form only. Under this scheme, the additional fee, as well as penalty, has been completely waived off.

File all pending returns of your Company:

If your company has defaulted in filing any ROC Return, don’t miss this opportunity and take maximum advantage of it. Act fast and file the pending returns with normal ROC Filing Fee. We can help you to check ROC Due Diligence of your company without any charges.

File an application for immunity from prosecution:

A Company after filing all its pending forms, documents, statement, and returns need to make an application in the prescribed form within six months of the close of this scheme. It means the last date of filing an immunity application under CFSS 2020 will be 31st March 2021.

Eligible Forms Under Company Fresh Start Scheme 2020:

All forms are eligible as mentioned below:

  • INC – 20A : Declaration For Commencement of Business
  • AOC – 4: To file Balance Sheet (Financial Statement)
  • MGT – 7: Annual Return of the Company
  • ADT – 1: Return on Auditor appointment
  • ADT – 3: Return on Auditor resignation
  • DIR – 3 KYC: Director KYC
  • INC – 22A: Company KYC (Active)
  • DIR – 11: Notice of resignation by a Director
  • DIR – 12: Director or KMP appointment or Changes thereof
  • 20 – B: Annual Return under the Companies Act, 1956
  • Form – 66: Compliance Certificate from CS
  • DPT – 3: Return of Deposits
  • Others: All other forms unless marked as not allowed

List of 76 forms allowed to be filed under CFSS-2020 & LLPSS-2020

Companies Fresh Start Scheme 2020 will not apply in following cases:

  • In case application for closure already filed
  • In case action for closure is already initiated
  • Companies under amalgamation
  • If application for dormant status is already filed
  • In case of vanishing company
  • Forms relating to increase of capital & charges

Steps for compliances under Companies Fresh Start Scheme 2020:

  • Step – 1: Due Diligence Check
  • Step – 2: File All Pending Returns
  • Step – 3: Wait for approval of the ROC
  • Step – 4: File Immunity Form in CFSS-2020
  • Step – 5: Wait for approval of the CFSS-2020
  • Step – 6 : Move ahead in Life

Please reach out to us at +919711132615 or write us: [email protected] |

We assure you for the minimum cost of compliances.

In this crucial time, we request all of you to stay back at your home and keep yourself and your family safe from COVID-19.

Author Bio

Qualification: CA in Practice
Location: New Delhi, New Delhi, IN
Member Since: 01 Feb 2019 | Total Posts: 10
Partner at D K M & Associates, Chartered Accountants. Earlier worked with BIG 4 Accounting and Audit firm. Expertise in Ind AS, Goods & Services Tax, Income Tax, Auditing and Assurance, Internal Controls, Business Process Consultancy, Forensic Accounting and Auditing with various rules an View Full Profile

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