1. Objective of Companies Fresh Start Scheme (CFSS), 2020:
An opportunity to companies to complete their pending compliances by filing necessary forms including annual filings with MCA by paying normal fees and without any additional fees, penalty /other proceedings for such delay.
2. Validity Period of Companies Fresh Start Scheme (CFSS), 2020
Valid from 01-April-2020 till 30-Sep-2020.
3. Filings covered under Companies Fresh Start Scheme (CFSS), 2020
- Annual statutory compliance i.e. Annual Return and Financial Statements
- Other Statements, documents, returns ,
4. Reliefs available for diff. scenario
| SI No | Scenario | Reliefs |
|
A. |
Filing of belated returns/forms by defaulting companies |
|
|
B. |
Inactive companies |
|
|
C. |
Appeal (against penalty proceedings) pending before a competent court or authority | Companies can opt for this scheme by withdrawing the appeal filed |
|
D. |
Order imposing penalty proceedings passed but appeal could not be filed by companies |
|
5. Application for issue of immunity certificate under this Companies Fresh Start Scheme (CFSS), 2020
- An application for seeking immunity in respect of belated documents/forms filed under this scheme shall be filed through online Form CFSS-2020 after the date of closure of the scheme and after the documents taken on file/record or approved by the designated authority but not after the 6 months from the closure of the
- No fee shall be payable for filing this
6. Non-applicability of the Companies Fresh Start Scheme (CFSS), 2020
Immunity under this scheme shall not apply:
- To Companies against which action for final notice for striking off the name u/s 248 of the Act has already been initiated
- Where any application has already been filed by the companies for action of striking off the name of the company from the register of companies
- To companies which have amalgamated under a scheme of arrangement or compromise under the Act
- Where applications have already been filed for obtaining dormant status u/s 455 of the Act
- To vanishing companies
- Where any increase in authorized capital is involved (Form SH-7) and also charge related documents (CHG-1, CHG-4, CHG-8 and CHG-9)
- In the matter of any appeal pending before the court of law and in case of management disputes of the company pending before any court of law or tribunal
- In case any court has ordered conviction in any matter or an order imposing penalty has been passed by an adjudicating authority under the Act and no appeal has been preferred
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