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 : Calcutta HC sets aside penalty for Jeet Machine Tools Ltd. under CFSS-2020 immunity, dismissing the appeal against the ROC Mumbai ...
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...
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 onetime opportunity to complete […]
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 […]
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. 12/2020 and 13/2020 on 30.03.2020) BASIC THUMB […]
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.
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. […]
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 […]
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 start as a fully compliant entity.
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 of additional filing fees for delayed filings by the companies or LLPs […]
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 under […]
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 […]
