Company Law : Many companies availed benefit of the Companies Fresh Start Scheme (CFSS) 2020 last year. Last year MCA came up with the Companies...
Company Law : Period of filing of CFSS form: The last date for filing of this form is June 30, 2021. This to be filed without any fees & wil...
Company Law : CERTIFIED TRUE COPY OF RESOLUTION PASSED IN THE MEETING OF BOARD OF DIRECTORS OF (Name of the Company) HELD ON (Day), (Date) AT TH...
Company Law : Ministry of Corporate Affairs (‘MCA’) has introduced a scheme known as Companies Fresh Start Scheme (‘Scheme’) on 30th Mar...
Company Law : Form CFSS 2020- It is an application in e-form for seeking immunity in respect of belated documents filed under the CFSS scheme, 2...
Corporate Law : As per record, 4,73,131 number of Indian Companies and 1065 number of Foreign Companies have benefited by availing the CFSS, 2020 ...
Corporate Law : Considering that the Country is still under recovery phase and Corporates are finding it difficult to work with full capacity, we ...
Company Law : Ministry of Corporate Affairs Extending deadline of Companies Fresh Start Scheme and LLP Settlement Scheme Posted On: 23 MAR 2021 ...
Company Law : As per records available with the Ministry of Corporate Affairs (MCA), 4,73,131 number of Indian Companies and 1,065 number of Fo...
Company Law : MCA has raised the threshold of default under section 4 of Insolvency and Bankruptcy Code (IBC) to Rs. 1 crore from the existing t...
Company Law : Delhi HC sets aside director disqualification in Anjali Bhargava vs Union of India case. Reactivation of DIN and DSC ordered for C...
Company Law : Explore the Delhi High Court's decision in Anant Narain vs. Union of India, addressing the revival of DIN/DSC for directors under ...
Company Law : Navneet Sahay Verma and another Vs. Registrar of Companies and another (Bombay High Court) The Petitioners, because of their disqu...
Company Law : The issue under consideration is whether Disqualified Director whose DIN and DSC has been frozen by the ROC due to non compliance ...
Company Law : Companies Fresh Start Scheme, 2020 provides an opportunity for active companies who may have defaulted in filing of documents, to ...
Company Law : Scheme for condonation of delay for companies restored on the Register of Companies between 01 December 2020 and 31 December 2020,...
Company Law : 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...
Company Law : The Ministry of Corporate Affairs had introduced a new scheme known as the Companies Fresh Start Scheme, 2020, valid from 01.04.20...
Company Law : Central Government introduce a Scheme namely Companies Fresh Start Scheme, 2020 (CFSS-2020) condoning the delay in filing the spec...
Company Law : Ministry of Corporate Affairs introduces the 'Companies Fresh Start Scheme, 2020' and revised the 'LLP Settlement Scheme, 2020' to...
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.
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 Corporate Affairs 5th […]
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 matter, the Hon’ble Delhi […]
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 September […]
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 under […]
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?
(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 company has already been initiated. […]
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 expected to push many […]
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 penalties.
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.
