Extension of Companies Fresh Start Scheme, 2020



Quick Summary
The Ministry of Corporate Affairs has announced an extension for the Companies Fresh Start Scheme, 2020. This decision was made in response to the significant disruptions caused by the COVID-19 pandemic. The scheme will now remain in effect until 31st December 2020, with all other original conditions unchanged.

The Ministry of Corporate Affairs has extended the Companies Fresh Start Scheme, 2020 till 31st December 2020 due to the COVID-19 pandemic. Read the official announcement below:

General Circular No. 30/2020

F. No. 02/01/2020-CL-V
Government of India
Ministry of Corporate Affairs

5th Floor, ‘A’ Wing, Shastri Bhawan,
Dr. R. P. Road, New Delhi

Dated:28th September, 2020

To

The DGCoA,
All Regional Directors,
All Registrar of Companies,
All Stakeholders.

Subject: Extension of Companies Fresh Start Scheme, 2020.

Sir/ Madam,

In continuation to this Ministry’s General Circular No.12/2020 dated 30.03.2020, in view of the large scale disruption caused by the COVID-19 Pandemic and after due examination, it has been decided to extend aforesaid scheme till 31st December, 2020. All other requirements provided in the said circular shall remain unchanged.

2. This issues with the approval of the competent authority.

Yours faithfully,

(KMS Narayanan)
Assistant Director (policy)

Copy forwarded for information to:-1. e-governance section and web contents officer to place the circular on MCA website and

2. Guard file.

FAQ :

The Companies Fresh Start Scheme, 2020, is a scheme introduced by the Ministry of Corporate Affairs.

The scheme has been extended due to the large-scale disruption caused by the COVID-19 pandemic.

The scheme has been extended until 31st December 2020.

No, all other requirements provided in the original circular shall remain unchanged.

The announcement was issued by the Ministry of Corporate Affairs, Government of India.




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