The Companies Fresh Start Scheme. 2020 {CFSS-2020}, operationalized vide General circular no. 12/2020 dated 30.03.2020 and extended vide General Circular Number 30/2020 dated 28.09.2020 is no longer applicable on various filings under Companies Act, 2013.

Now, CFSS – 2020 has been extended till 31.03.2021 but the question is – this extended scheme is applicable to whom?

-> The Central Government in the exercise of its powers conferred under Section 460 read with Section 403 of the act has decided to introduce the scheme namely “Scheme for condonation of delay for companies restored on the register of Companies between 1st December 2020 and 31st December 2020, under section 252 of Companies act 2013” for the purpose of condoning the delay in filing forms with the registrar, in so far as it relates to the charging of additional fees on account of delay in such filings.

Questions related to the applicability of CFSS – 2020 are:-

1.) From when this scheme shall come into effect?

-> 1st February, 2021

2.) The scheme is applicable to which companies?

-> The scheme shall be applicable in respect of companies of whom the appeal filed under section 252 of the act with the respective NCLT bench for the restoration of the name of the company was disposed of between 1st December 2020 and 31st December 2020, with an order for the restoration of the company. 

3.) What will be the duration of this scheme?

-> The last date of filing of any overdue e-forms by such companies under the scheme shall be 31st March 2021. 

4.) on which forms this scheme shall be applicable?

-> The scheme shall be applicable in respect of filing of all e-forms {except where any increase in authorized capital is involved (e-form SH-7) and charge related documents (e-form CHG-1, CHG-4, CHG-8, and CHG-9)} which are required to be filed with the registrar. 

5.) What shall be the applicable fees on such filings?

-> Every company shall be required to pay normal filing fees under the Companies (Registration Offices and Fees) Rules, 2014 on the date of filing and no additional fees shall be payable for the forms for which this scheme is applicable. 

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Disclaimer: The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All Content in the article is information of a general nature and does not address the circumstances of any particular individual or entity.

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