Dear Professional Colleagues,

As you are already aware, MCA has introduced the ‘Company Law Settlement Scheme 2014’ (CLSS, 2014) vide the General Circular No. 34/2014 dated 12/08/2014. The CLSS, 2014 has been introduced for condoning the delay in filing the pending annual documents granting immunity for prosecution and charging a reduced additional fee of 25% of the actual additional fees.

The Scheme was to close on October 15, 2014, which on the request of ICSI, amongst others, was extended for one month upto November 15, 2014.

As very few days are left for the closure of the scheme, you may avail the maximum benefit of this scheme and file the pending annual documents with respect to the companies early without postponing it to the last days.

Also to avoid last minute rush and system congestion in the MCA-21 portal on account of filings under the CLSS, 2014 ending on 15.11.2014 and annual filings during November 2014, professionals are advised to file the annual return and other documents with respect to the companies at the earliest without postponing it to the last days.

Thanking You Yours faithfully

CS R Sridharan President

ICSI

Source- ICSI

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