EXTENSION OF CFSS – Scheme for condonation of delay for companies restored on Registrar of Companies & form CFFS 2020

EXTENSION OF CFSS – Scheme for condonation of delay for companies restored on the Registrar of Companies and form CFFS 2020

MCA Has been issued circulation vide General Circular No 03/2021 on 15^th January 2021. For the EXTENSION OF CFSS – Scheme for condonation of delay for companies restored on the Registrar of Companies.

Before the MCA issued the CFFS scheme 2020 vide General Circular no. 12/2020 on 30^th March 2020 and the scheme shall come into force on the 01.04.2020 and shall remain in force till 30.09.2020. after 30.09.2020 CFFS 2020 Has been extended to 31^st December 2020 for the waiver additional fees on the forms and only need to pay the normal fees as prescribed per the rules and regulation of the act.

Now MCA come up with Extension of CFFS only for the companies whose order of revival issued by the NCLT between 1^st December 2020 31^st December 2020. It means the previous scheme is no longer more for all the companies Except Companies whose revival order came b/w 01.12.2020-31.12.2020. In short which company revived between 1^st December 2020 to 31^st December 2020 by the order of NCLT not needed to pay an additional fee on their pending forms and other companies must need to pay additional fees.

Further Scheme is not applicable for the following forms

1. SH-7 for increase in authorized share capital
2. Charge related forms i.e. (CHG-1, CHG-4, CHG-8 & CHG-9)

Now which companies’ respective forms are pending for the filing and due date has been exceeded from the due date need to pay the additional fees.

For companies which is revived by the order of the NCLT Between 1^st December 2020 to 31^st December 2020 the scheme begins from 1^st February 2021 and the last Date is 31^st march 2021 for the filing pending forms except SH-7/CHG-1/CHG-4/CHG-8 & CHG-9.

FURTHER Form CFFS-2020 is live from the date 16^th January 2021 on the MCA site for the companies which has been taken the benefits of the CFFS scheme 2020 and must need to file the same with the MCA. In form CFFS-2020 company need to give only the information about the form filed under the scheme and form is not need to authorized by the practicing professional.