What is Companies Fresh Start Scheme 2020 is all about? whom it will benefit? whom it will not? What would be the effect of these schemes? There would be numerous questions that might be bothering you....
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Ashish Gupta Vs. Union of India (Delhi High Court) -
The issue under consideration is whether Disqualified Director whose DIN and DSC has been frozen by the ROC due to non compliance will be eligible for Companies Fresh Start Scheme 2020?...
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Navneet Sahay Verma and another Vs. Registrar of Companies and another (Bombay High Court) -
Navneet Sahay Verma and another Vs. Registrar of Companies and another (Bombay High Court) The Petitioners, because of their disqualification, cannot apply under the Companies Fresh Start Scheme in respect of their companies. This Scheme is to end on 30 September 2020. They, therefore, seek a direction that they may be permitted to apply ...
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The Ministry of Corporate Affairs has made a further effort to encourage a greater deal of “Ease of doing business”, the Ministry of Corporate Affairs has enhanced the timeline regarding the duration of several schemes till the end of the year 2020 in the wake of constant disturbance caused by the coronavirus pandemic in certain p...
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Extension of due dates for various Schemes, Registration as Independent Director, DIR-3 KYC, holding EGM, till 31st December, 2020 by the Government of India...
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Keeping in view the practical difficulties being faced on account of Covid-19, MCA to facilitate Ease of doing business has granted following reliefs to Companies/LLPs by way of Circulars and Amendments to Rules dated 28.09.2020: 1. Extension of Companies Fresh Start Scheme, 2020 (CFSS): CFSS Scheme which was to end on 30.09.2020 Vide Gen...
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You are well aware that the companies are required to make certain disclosures pertaining to the vendors registered under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. However, we would like to marmorise flashback of changes made in the MSMED Act and requirement of Form MSME-I....
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General Circular No. 35/2020 -
(29/09/2020) -
MCA enabled filing of various IEPF e-forms (IEPF -1, IEPF- I A, IEPF-2, IEPF-3, IEPF-4, IEPF-7) and e-verification of claims filed in e-form IEPF-5 without additional fees till 31st December 2020...
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MCA on 28.09.2020, vide various circulars and notification extended the date of various schemes to 31.12.2020 which were launched for ease of doing Business, Schemes extended are as follows:- 1. Companies Fresh Start Scheme, 2020 2. LLP Settlement Scheme, 2020 3. Scheme for relaxation of time for filing forms related to Creation or Modifi...
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General Circular No. 30/2020, 31/2020, 32/2020, 33/2020 -
(28//0/9/20) -
The Ministry of Corporate Affairs introduced several schemes {Companies Fresh Start Scheme, 2020 (CFSS) General Circular No. 30/2020, LLP settlement Scheme 2020 General Circular No. 31/2020, Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 General Circular No. 33/2...
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It is stated that company can file Form DPT-3 till 31st December, 2020 without any additional fee, however, it has to be filed a FORM CFSS-2020 after closure of scheme....
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General Circular No. 30/2020 -
(28/09/2020) -
The Ministry of Corporate Affairs had introduced a new scheme known as the Companies Fresh Start Scheme, 2020, valid from 01.04.2020 to 30.09.2020 to enable companies to make good their previous defaults. This Scheme has now been extended till 31.12.2020. General Circular No. 30/2020 F. No. 02/01/2020-CL-V Government of India Ministry of ...
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Golden opportunity for Defaulting Companies to clean their slate under CFSS-2020 and also opportunity to disqualified directors to make active their DINs and DSC [Sandeep Agarwal & anr vs UOI & anr dated 02nd September, 2020 in W.P.(C) 5490/2020 & CM APPLs. 19779-80/2020 before Hon’ble Delhi High Court] In the captioned matt...
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Request for Extension of Companies Fresh Start Scheme i.e. CFSS 2020 by at least by 3 months i.e. until 31st December, 2020 and a further request for similar relief for LLP Settlement Scheme 2020 in view of genuine hardships which have arisen due to Covid-19 pandemic. KARANATAKA STATE CHARTERED ACCOUNTANTS ASSOCIATION (R.) Date: 17th Sept...
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(Notified vide General Circular 12/2020 dated 30/03/2020) COMMENCEMENT AND VALIDITY OF THE SCHEME: The Scheme shall commence from 01.04.2020 and shall be valid till 30.09.2020. APPLICABILITY: The Scheme shall apply on all Defaulting Companies except: i. Companies against which action for final notice for striking off the name of the compa...
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Micro, Small and Medium Enterprises which are the backbone of the Indian economy in terms of their contribution to the country’s GDP, Exports, employment generation and inclusive growth, require to be nurtured effectively so that they maintain their health. The COVID-19 pandemic has been a setback to the sector and its impact is expec...
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The CFSS 2020 is a scheme with bundled benefits. Few of which are as follows: a) Waive off additional fees - companies availing the scheme will not be liable to pay additional fees and penalties on belated filings. Hence, this will promote compliances among small company which were deliberately avoiding compliances due to heavy fines and ...
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Sandeep Agarwal & Anr. Vs. Union of India & Anr. (Delhi High Court) -
Companies Fresh Start Scheme, 2020 provides an opportunity for active companies who may have defaulted in filing of documents, to put their affairs in order. It thus provides Directors of such companies a fresh cause of action to also challenge their disqualification qua the active companies....
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Companies Fresh Start Scheme, 2020 (CFSS, 2020) As Per the Provision of Companies Act, 2013, it is a Mandatory for all companies to do Annual Statutory Compliances By filing the Annual Return and Financial Statements. Apart From this Various other Statements, documents, returns etc. are also required to be filed within prescribed time Lim...
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As we all are aware that Ministry of Corporate Affairs (MCA) in strict action mode since last 2-3 years and have strike off large no of Companies on its own motion and disqualified their directors for being a director for five years, just because of non-filing of due Statutory Annual Returns for continuously last Three […]...
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Commencement of Business (INC-20A) and Companies Fresh Start Scheme, 2020 (‘CFSS-2020’) The concept of Certificate of ‘Commencement of Business’(COB) were earlier provided under Section 149 of the Companies Act, 1956 (Erstwhile Act). The provisions were only applicable to newly incorporated public companies having share capital. I...
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E-form Active (INC-22A) and Companies Fresh Start Scheme, 2020 (‘CFSS-2020’) On November 2, 2018, the Government of India has announced various new amendments to the Companies Act, 2013 (‘Principal Act’). These amendments were a continuation of a number of steps the Government of India has taken in the past couple of years, to str...
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Due to this pandemic situation every person is limited with resources either in the terms of funds or in terms of compliance, so in this pandemic situation, to boost the entrepreneur and to encourage him the government comes forward and introduce an one time late fees waiver for all the previous returns in which Company […]...
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There is a lot of confusions amongst the professionals with respect to getting immunity certificate (filing Form CFSS after 1st October) for Form DPT-3 and other Forms whose due date falling between 01st April, 2020 and 30th September, 2020 and filed before 30th September, 2020. In this write up, we discuss and interpret the same. [&helli...
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Company Law Fresh Settlement Scheme Question: Whether the e-Form CFFS-2020 required to be filed for the forms which have been filed within due dates during the vouge of the scheme? Ministry of corporate Affairs (MCA) had in the circular dated 24 March, 2020, provides for a moratorium on delay in filing of form till September […]...
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Point no-1 Whether we need to update the information and transition period in classification, every year? As we know ministry of MSME has issued a notification as on 26th June 2020 which notifies certain criteria for classifying the enterprises as micro, small, and medium enterprise and specifying the form and procedure for filling memora...
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COMPANIES FRESH START SCHEME, 2020 (CFSS-2020) [MCA General Circular No. 12/2020 dated 30th March, 2020] The Ministry of Corporate Affairs (‘MCA’) had, in the Circular No. 11/2020, dated 24th March, 2020, inter alia other relaxations / special measures provided in view of the Covid-19 pandemic, indicated regarding providing immunity t...
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MCA on receiving representations from various stakeholders has introduced a Scheme namely CFSS -2020 through its General Circular No. 12/2020 dated 30th March, 2020, in furtherance to the Circular No. 11/2020 dated 24th March, 2020. Purpose of the Companies Fresh Start Scheme, 2020: This Scheme has enabled the defaulting companies a oneti...
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MCA Circular No. 12/2020 dated 30/03/2020 In order to facilitate the compliance of various e-forms with MCA, MCA has introduced CFSS-2020 i.e. Companies Fresh Start Scheme, 2020. This scheme has been launched to give the opportunity to defaulting companies and to enable them to file belated documents and forms with MCA. Key points of this...
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Good Day All, Today, Hereby we discuss and understand one time opportunity to the defaulting companies and to enable them to file the belated documents in MCA-21 registry under a scheme named as “Companies Fresh Start Scheme, 2020” Companies Fresh Start Scheme, 2020 (‘CFSS Scheme’) (Came into effect vide circular no. 12/2...
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Companies Fresh Start Scheme, 2020 is applicable on all active companies which is a ‘defaulting company’, i.e. the companies which have any documents which are pending for filing on any given date, as per the provisions of Scheme....
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Companies Fresh Start Scheme, 2020 Relevant Date ⇒ MCA Circular dated 30.03.2020 Enforceability ⇒ w.e.f 01.04.2020 till 30.09.2020 Purpose of the Circular Relevant Section ⇒ Section 403 & 460 of CA, 2013 1. To give opportunity to the defaulting Companies and to enable them to file the belated documents in the MCA-2 1 registry, 2...
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Brief overview of the Company Fresh Start Scheme, 2020 : -In addition to circular 11/2020 dated 24th march, 2020. -One time opportunity of filing of forms without additional fee and immunity for prosecution and proceeding for penalty on account of such delayed filings. -Only normal fees are required to be paid. -It also gives an […...
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Companies Fresh Start Scheme, 2020 (CFSS) under Section 460 of the Companies Act, 2013 (Act) read with Section 403 to provide a first of its kind opportunity to long defaulting companies to make good any filling related defaults, irrespective of the duration of defaults, without any additional fees/ penalty / prosecution and make a fresh...
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In order to provide relief to law-abiding Companies and Limited Liability Partnerships (LLPs) from the COVID 19 impact, the Ministry of Corporate Affairs (MCA), has introduced the ‘Companies Fresh Start Scheme, 2020‘ and revised the ‘LLP Modified Settlement Scheme, 2020‘. Both schemes provide a one-time waiver o...
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MCA vide circular No. 11/2020 dated 24th March, 2020 has taken certain measures, to address COVID -19 including economic disruptions caused by it, for companies in order to reduce their compliance, burden and other risks and notified Company Fresh Start Scheme 2020 for defaulting Companies to give them an opportunity to be Legal Compliant...
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In Furtherance to its Circular No 11/2020, dated 24th March 2020 & in order to provide the opportunity to the defaulting companies to make a fresh start by filing all the belated documents Scheme has been introduced namely the Companies Fresh Start Scheme, 2020 notifying in Vide Circular No. 12/2020 dated 30th March 2020 of […]...
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The Ministry has received several representations from the stakeholders requesting for the grant of one time opportunity, so as to enable them to complete all their pending compliances by filling necessary documents in the MCA – 21 registry including annual filling without being subject to higher additional fees on account of any delay....
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As a result of the receipt of multiple representations from various stakeholders for granting this time opportunity to make the default good, the Ministry of Corporate Affairs (MCA) vide circular no.12/20 has notified a scheme for the companies registered in India who have defaulted in filing necessary documents & returns in the pas...
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Company Fresh Start Scheme and LLP Settlement Scheme is a one-time waiver of additional filing fees for delayed filings by the companies or LLPs with the Registrar of Companies during the currency of the Schemes, i.e. during the period starting from 1st April, 2020 and ending on 30th September, 2020....
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In line with its circular dated March 24, 2020, the Ministry of Corporate Affairs (‘MCA’) has introduced Companies Fresh Start Scheme, 2020 (‘CFSS, 2020’) vide circular no. 12/2020 under Section 460 of the Companies Act, 2013 (Act) read with Section 403. This initiative by MCA comes in line with its circular dated March 24, 2020....
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The MCA,in first instance, issued General Circular No. 11 /2020 dated 24.03.2020 giving many relaxations to the companies and entities registered under the Companies Act, 2013 or rules made thereunder. The major relaxation was waiver of additional fee on almost all ROC Forms irrespective of its due dates. However, the Ministry of Corporat...
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In order to facilitate the Companies registered in India to make a fresh start on a clean slate and to give such an opportunity to defaulting Companies by enabling them to file the belated documents in MCA-21 registry, the Central Government has introduced a scheme namely Companies Fresh Start Scheme, 2020 (CFSS – 2020) condoning the de...
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Companies Fresh Start Scheme, 2020 (CFSS 2020), why introduced? MCA vide its circular no. 12/2020 dated 30th March, 2020 in addition to circular no. 11/2020 dated 24th March, 2020 clarified about the Scheme. Issues that led to the birth of CFSS scheme, 2020: Representations from stakeholders for the grant of one-time opportunity enabling ...
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Company’s Fresh Start Scheme, 2020 Government of India has released several measures granting relaxation to businesses to combat COVID-19 Outbreak, the Ministry of Corporate Affairs (MCA) has also come up with specific measures for Companies and LLP’s. What Comes First……… The Companies (Registration Offices and Fees) Second Amen...
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In order to support and enable Companies and Limited Liability Partnership (LLPs) in India to focus on taking necessary measures to address the COVID-19 threat, including the economic disruptions caused by it, the Ministry of Corporate Affairs has come out with a BIG RELIEF for all defaulting Companies/LLPs and DIN holders. RELIEF 1: INT...
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The Ministry of Corporate Affairs after receiving representations from various stakeholders has rolled out a one time opportunity for all the corporates in India to make all the pending ROC filings including the annual filings without paying any kind of additional fees. The Ministry of Corporate Affairs has launched a scheme vide its Gene...
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50 FAQs issued by MCA on Companies Fresh Start Scheme (CFSS), 2020 and LLP Modified Settlement Scheme, 2020 Thus, Ministry has launched a scheme known as ‘Companies Fresh Start Scheme, 2020‘ and ‘LLP Modified Settlement Scheme, 2020′ condoning the delaying filing the above mentioned documents with Registrar, it rel...
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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 defa...
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Fresh Start Covid-19 if taken positive then this Circular dated 30th March, 2020 from the Ministry of Corporate Affairs must be the first one to note down on a plain paper specially by every Defaulting Companies and those Companies whose name has been struck off by the Registrar of Companies due to non -filling of […]...
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Circular no 12/2020 -
(30//0/3/20) -
Benefit for all Defaulting/ Inactive companies- CFSS-2020 (Validity: 01 April, 2020 to 30 Sept, 2020) MCA vide circular no 12/2020 dated 30.03.2020 has introduced benefits for Defaulting Companies to file their belated documents in the MCA registry without late / additional fee. inactive Companies to get declared itself as ” Dormant...
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Circular no 11/2020 -
MCA vide general circular no 11/2020 has Introduced following special relief, relaxation and immunities to Companies and LLPs: – Particulars Relaxations 1. No Additional fee for late filing:- In order to support Co. & LLPs, MCA vide its circular, has announced that no additional fee shall be charged from 1st April, 2020 to 30t...
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Penalty of Rs. 5000/- WAIVED OFF FILE YOUR KYC IMMEDIATELY AT NO FEE. File E-Form DIR-3 KYC or Web based DIR-3 KYC without additional fees till 30th September 2020 under ‘COMPANIES FRESH START SCHEME- 2020‘ (CFSS – 2020). SL. NO. PARTICULARS DETAILS 1. What is DIN? DIN is Director Identification Number – a unique 8...
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In furtherance of the Ministry’s General Circular No. 11/2020 dated 24th March, 2020 and in order to facilitate the Companies registered in India to make a fresh start on a clean slate, Ministry has decided to take certain remedial measures for the benefit of all Companies. The Ministry has granted the one-time opportunity to all [&...
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Recently, The Ministry of Corporate Affairs in pursuance of the Government of India’s efforts to provide relief to law abiding companies in the wake of COVID 19, has introduced the “Companies Fresh Start Scheme, 2020” which is already in vogue to provide a first of its kind opportunity to companies to make good any filing […]...
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Companies Act, 2013 has decided to introduce a Scheme namely Companies Fresh Start Scheme, 2020 (CFSS-2020) condoning the delay in filing the above-mentioned documents with the Registrar...
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The Central Government and Ministry of Corporate Affairs vide its General Circular No. 11/2020 dated 24.03.2020, has launched the Companies Fresh Start Scheme, 2020 in order to provide a one-time opportunity to the Companies to complete their pending compliances by filing necessary documents, annual returns, financial statements and other...
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In wake of COVID1-9 pandemic, Ministry of Corporate Affairs, Government of India, with a view to provide relief to companies has introduced ‘Companies Fresh Start Scheme, 2020‘ (CFSS-2020). This Scheme offers an opportunity to companies to make good their non-filing related defaults, irrespective of duration of default, and to...
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In order to support and enable companies to focus on taking necessary measures to address the COVID-19 threat, the Ministry of Corporate Affairs (MCA) has rolled out the Companies Fresh Start Scheme (Scheme) vide General Circular No. 12/2020 dated 30th March 2020 to provide one-time opportunity to all companies to complete their pending c...
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When one dives deep down in Companies Fresh Start Scheme, 2020 (CFSS-2020), one gets clarity that it is an amnesty scheme to help long defaulting companies to complete filing related compliances without any additional fees/ penalty / prosecution....
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During the period of Lock-down, the Ministry of Finance and the Ministry of Corporate Affairs has issued various Press Release and Circulars containing major amendments in the Companies Act, 2013 Article deals with provisions of Companies Fresh Start Scheme (CFSS-2020) IMMUNITY FROM ADDITIONAL FEES Only Additional Fees shall be waived of....
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Article explains Recent updates Related to Compliance in pursuance of General Circular No. 11 dated 24th March,2020 & General Circular No. 12 dated 30th March,2020, Companies Fresh Start Scheme, 2020 and Revised LLP Settlement Scheme,2020, Clarification on contribution to PM Cares Fund as Eligible CSR Activity, Spending of CSR Funds F...
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MCA as COVID 19 relief providing initiatives with Central Govt., has introduced scheme namely Company fresh start Scheme, 2020 as one time opportunity to file various statements, documents and returns required under Companies act, 2013 as well as Companies Act, 1956....
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Companies Fresh Start Scheme 2020| Unique Window Of Opportunity For Defaulting Companies Upon the COVID-19 outbreak which has shaken the entire world Ministry of Corporate affairs has given light to the ‘Defaulting Companies’ to combat with economic disruptions and also to make a fresh start on a clean slate, In furtherance to...
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Immunity dose for Defaulting Companies- Companies Fresh Start Scheme, 2020 (CFSS 2020) | Frequently Asked Questions Amid all the chaos of COVID-19, MCA and SEBI are issuing notifications, orders, regulations, guidelines and advisories to give relaxations for their mandatory compliance. In additions to these, MCA has come out with Companie...
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Introduction Ministry of Corporate Affairs (MCA) vide its general circular no. 12/2020 dated 30.03.2020 has introduced Companies Fresh Start Scheme, 2020 by providing a golden opportunity to the defaulting Companies/Non-Complaint Companies registered in India to make a fresh start to complete their pending compliances by removing the levy...
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MCA vide its General Circular No. 12/2020 dated 30/03/2020, introduced the Companies Fresh Start Scheme, 2020 for one-time application of condonation of delay of filling the various documents, forms, returns, etc. with the MCA and granting of immunity from launching of any prosecution or proceedings for imposing penalty on account of ...
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The MCA has introduced COMPANIES FRESH START SCHEME 2020 (Scheme) vide circular 12/2020 dated 30/03/2020 which applies to all companies in India. It shall come into force on 1.4.2020 and remains effective till 30th Sep 2020....
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WHAT WAS THE NEED TO INTRODUCE COMPANIES FRESH START SCHEME, 2020 (CFSS 2020) AND AMENDED THE LLP SETTLEMENT SCHEME, 2020 (LLP SCHEME 2020)? The Ministry of Corporate Affairs (MCA) vide its notification dated 30th March 2020 has given Companies Fresh Start Scheme, 2020 (CFSS 2020) and amended the LLP Settlement Scheme, 2020 (LLP Scheme...
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General Circular No.12/2020 dated 30th day of March, 2020. Refer MINISTRY Circular 11/2020 dated 24th day of March, 2020. : In order to support and enable companies to focus on taking necessary measures against COVID 19, MCA decided to reduce compliance burden and other risks. Accordingly: Additional filing fees waived from 1st April 2020...
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Ministry has received representations from various stakeholders requesting for grant of one time opportunity, so as to enable them to complete their pending compliances by filing necessary documents in the MCA-21 registry including annual filings without being subject to a higher additional fees on account of any delay. Also COVID 19 has ...
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Background MCA on 30th March, 2020 has come up with the ‘Companies Fresh Start Scheme 2020‘ (the scheme) to provide an opportunity to the company to make good any previous filing defaults, irrespective of duration without any additional fees. It is a one-time waiver of additional filing fees for delayed filings with MCA. It is...
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Ministry of Corporate Affairs, has introduced the 'Companies Fresh Start Scheme,2020' a first of its kind opportunity to companies to make good any filing related defaults, irrespective of duration of default, and make a fresh start as a fully compliant entity....
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With the outbreak of COVID-19 across India, measures were taken by the Ministry of Corporate Affairs (MCA) for reducing the compliance and financial burden on the companies operating in India. The relaxations are also aimed at providing defaulting companies with an opportunity to restart their businesses by filing pending documents with n...
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Frequently Asked Questions on Company Fresh Start Scheme, 2020 issued by the Ministry of Corporate Affairs, Government of India on 30th March, 2020 The Ministry of Corporate Affairs has issued a Circular 12/2020 dated 30th March, 2020, in order to facilitate the companies registered in India to make a fresh start on a clean slate, [&helli...
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The Ministry of Corporate Affairs (‘MCA’) has introduced ‘COMPANIES FRESH START SCHEME 2020’ (CFSS-2020) to enable all companies registered in India to make good of any filing related defaults irrespective of the duration of default and make a fresh start as a fully compliant Indian entity. COMPANIES FRESH START SCHEME, 20...
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Opportunity For Defaulting Companies To File Pending Annual Statutory Documents / Forms And Other Documents / Forms Without Any Penalty AN INTRODUCTION Ministry of Corporate Affairs (MCA) introduced a scheme which gives an opportunity to the Companies to make all its pending compliances (including annual filing) without any additional fee...
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There has been a lot of representation from the stakeholders before the Ministry of Corporate Affairs (‘MCA’) to provide a one-time opportunity to file all the pending documents including the Annual Filing of the Company without charging additional fees. In the wake of the coronavirus pandemic, MCA by exercising his power under sectio...
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Introduction & Brief Background: In line with its circular dated March 24, 2020, the Ministry of Corporate Affairs (‘MCA’) has introduced Companies Fresh Start Scheme,2020 (‘CFSS Scheme’) vide circular no. 12/2020 and 13/2020 dated March 30, 2020 under Section 460 of the Companies Act, 2013 (“Act”) read with Section 403. I...
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MCA took an initiative to allow corporate to make a ‘Fresh Start’. A circular issued by MCA on 30.03.2020 for the benefit of all Companies. This Scheme starts from 01st April, 2020 to 30th September. Before this scheme company has to pay an additional fees in delay of the filing the form mention below with […]...
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List of Forms Eligible for Additional Fee Waiver Under Company Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020 The MCA vide its circular dated 30th March 2020 has issued Companies Fresh Start Scheme, 2020 to promote defaulting companies to make a fresh start on a clean slate and waive the additional fee as charged under sect...
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List of 76 forms which can be filed with MCA under Fresh Start Scheme, 2020 (CFSS -2020) and Modified LLP Settlement Scheme, 2020 (LLPSS-2020) and which are eligible for additional fees waiver. MCA has released a list of 76 forms which will be allowed to be filed with MCA under Fresh Start Scheme, 2020 (CFSS […]...
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Fresh Start Scheme, 2020 (CFSS -2020) and Modified LLP Settlement Scheme, 2020 (LLPSS-2020)- Golden Opportunity to clean the slate. List of Forms and certain FAQs/ Clarifications This Scheme is for Defaulting Companies who have failed to file the Forms, Returns, Statement or Documents with Ministry of Corporate Affairs. You may say that...
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In order to facilitate the Companies registered in India to make a fresh start on a clean state the Ministry has decided to take alleviative measures for the benefit of all companies through Companies Fresh Start Scheme, 2020 (CFSS 2020). CFSS 2020 is launched for defaulting companies to make their defaults good. Defaulting Company means ...
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Companies Fresh Start Scheme, 2020 – The CFSS Scheme For the Ministry of Corporate Affairs, the year 2018 was a year of imposing Penalties, striking off the bogus and shell companies, passing disqualification orders against defaulting Directors, putting additional compliances in place for filtering and tracking such shell and Bogus comp...
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The Ministry of Corporate Affairs (MCA) vide its General Circular No. 12/2020, comes up with the Companies Fresh Start Scheme, 2020 for one-time application of condonation of delay of filling the various documents, forms, returns etc. with the MCA. Let us have a quick review: FEW SPECIAL CASES If defaulting company has filed any appeal [&...
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Companies Fresh Start Scheme 2020 and Modified LLP Settlement Scheme 2020 Launched by MCA From April 1, 2020 till Sept 30,2020 The ministry of corporate affairs has announced ‘Companies Fresh Start Scheme 2020’ and ‘LLP Settlement Scheme 2020’. Individually the schemes ought to release to make available a chance to...
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All you need to know about MCA’s COMPANIES FRESH START SCHEME, 2020 – Let’s clean the non-compliance mess without paying any Additional Fees As we are getting equipped to build our immunity to fight with COVID-19, Ministry of Corporate Affairs is getting all of us equipped to fight against non-compliances and shell Companies...
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In order to facilitate companies to make a fresh start on a clean state, the Ministry of Corporate Affairs has decided to introduce Companies Fresh Start Scheme (CFSS-2020), vide its General Circular No. 12/2020 dated 30th March, 2020, condoning the delay in filing of certain documents. Some key features of COMPANIES FRESH START SCHEME, ...
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The Corporate Affairs Ministry (MCA) has come up with the ‘Companies Fresh Start Scheme 2020’ to enable companies make good of any filing-related defaults, irrespective of duration of default, and make a fresh start as a fully compliant entity. To provide a similar facility to Limited Liability Partnerships (LLPs), the MCA has also re...
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Company Law Fresh Start Scheme, 2020 announced by MCA is A step by MCA to allow corporates to make a ‘Fresh Start’. MCA issued General Circular No. 12/2020 dated 30th March, 2020 for the benefit of all Companies. This Scheme Shall be start from 01st April, 2020 and end on 30th September, 2020. FAQ’s Q […]...
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Due to COVID-19 epidemic disaster, shaken the entire world and Ministry of Corporate affairs has given light to the ‘Deafulting and Non operating Companies’ to combat with economic disruptions to make a fresh start. In furtherance to its General Circular No. 12/2020 dated 30th March, 2020 by notifying ‘Companies Fresh St...
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The ministry has received representations from various stakeholders requesting for grant of one time opportunity so as to enable them to complete their pending compliances by filing necessary documents in the MCA 21 Registry including annual filings without being subject to a higher additional fees on account of any delay. Therefore, in o...
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Ministry of Corporate Affairs (MCA) vide General Circular No. 11/2020 dated March 24, 2020, provided special relief to companies and LLP amid COVID-19 pandemic. There are so many companies who have defaulted in filings Forms, Statements, returns and documents. In order to regularise filings of all the defaulting companies to be “Complia...
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The ministry of corporate affairs (MCA) has in furtherance with the MCA Circular No. 10/2020, come up with the ‘Companies Fresh Start Scheme 2020’ as Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID-19, to enable companies make good any filin...
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The Ministry of Corporate Affair issued the circular dated 24th March, 2020, having General Circular No. 11/2020 relaxing any additional payment payable by the company on late filing of e-Forms to ROC to provide relaxation to the corporate world causing devastating circumstances created by COVID-19 causing a global pandemic. MCA in furthe...
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How to file Company’s return without paying late fees- Company Fresh Start Scheme 2020 (CFSS 2020)? There have been no better time for the defaulting companies than this. The Ministry of Corporate Affairs decided to give all the defaulting companies another chance to improve their filing-related defaults irrespective of the duration...
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The Ministry of Corporate Affairs (MCA) taking into cognizance the issue faced by Corporates due to COVID-19 has issued several notifications & circulars in order to grant immunities & reduce the compliance cum financial burden on the Corporates. One of the recent initiatives taken by MCA is the introduction of COMPANIES FRESH STA...
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In order to facilitate the companies registered in India to make a fresh start, a one-time opportunity is given to all defaulting companies and to enable them to file belated returns, the Ministry of Corporate Affairs has introduced the Companies Fresh Start Scheme, 2020 vide General Circular No. 12/2020 dated March 30, 2020. Sl. No. [&he...
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