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Clss 2011

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(Querist)
06 August 2011 Hi,

can anybody pls explain the CLSS 2011 scheme in brief?? is this scheme also applicable for foreign companies??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 August 2011 Pl refer general circular 59/2011 dated 5/8/2011. It is self explanatory.
Scheme is applicable to foreign companies falling under section 591 of the Companies Act,1956.
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Pooja

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Pooja (Querist)
06 August 2011 Sir,

but it is clearing up only form annual return forms...
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 August 2011 MCA vide its circular 59/2011 dated 05.08.2011 has introduced CLSS, 2011 where companies can file belated annual filing documents with only 25% additional fees. The scheme will be in effect from 12.08.2011 to 31.10.2011.

The only difference between CLSS, 2011 and CLSS, 2010 is that in this new scheme the late fees is discounted only for Annual Filing documents.

Courtesy :- Jaideep Ji.
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