The Government of India has extended several important corporate compliance deadlines to 31st December 2020, following a request from the Institute of Chartered Accountants of India. This includes the Companies Fresh Start Scheme (CFSS) and the LLP Settlement Scheme, both of which offer a one-time opportunity to file pending documents without higher penalties. The extension also covers the filing of DIR-3 KYC, holding EGMs via video conference, and the registration of Independent Directors.
Corporate Laws Corporate Governance Committee
The Institute of Chartered Accountants of India
29th September, 2020
ANNOUNCEMENT
Sub: Extension of due dates for various Schemes, Registration as Independent Director, DIR-3 KYC, holding EGM, till 31st December, 2020 by the Government of India
Considering the difficulties faced by the corporates and professionals due to the continued disruption in certain parts of the country and to provide greater Ease of doing business, the Institute o
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FAQ :
The deadline for the Companies Fresh Start Scheme (CFSS) has been extended to 31st December 2020.
Yes, the LLP Settlement Scheme, 2020, has also been extended to 31st December 2020.
The due dates for filing DIR-3 KYC, holding EGMs through video conferencing, and registering Independent Directors in the ID Data Bank have also been extended to 31st December 2020.
The deadlines were extended to provide greater ease of doing business and to address difficulties faced by corporates and professionals due to disruptions in certain parts of the country.
The Institute of Chartered Accountants of India requested the Government of India to enhance these timelines.