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As per records available with the Ministry of Corporate Affairs (MCA),4,73,131 number of Indian Companies and 1,065 number of Foreign Companies have been benefited by availing the Companies Fresh Start Scheme (CFSS), 2020 for filing their pending documents. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance Corporate Affairs in a written reply to a question in Rajya Sabha today. TheMinistry of Corporate Affairs (MCA)through the General Circular No. 12/2020 da
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FAQ :
The CFSS 2020 was a scheme launched by the Ministry of Corporate Affairs to allow companies to file pending documents and rectify defaults, providing a fresh start as a compliant entity.
A total of 4,73,131 Indian companies benefited from the CFSS 2020.
A total of 1,065 foreign companies benefited from the CFSS 2020.
The scheme condoned delays in filing documents and provided immunity from prosecutions and penalties that would normally arise from such delays.
No additional fees were charged for late filing of documents during the moratorium period from 1st April to 31st December 2020.
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