Scheme for condonation of delay for companies restored between 1st to 31st Dec 2020 to come into effect from 1st Feb 2021

Last updated: 27 January 2021

Quick Summary
A new scheme for condoning delays in company restorations is set to begin on 1st February 2021. This applies to companies that had their restoration orders issued by the NCLT between 1st and 31st December 2020. To take advantage of this scheme and change your company's status from 'Strike off' to 'Active', you need to contact your jurisdictional Registrar of Companies (ROC) with the NCLT order and proof of cost payment.

Stakeholders may please note that Scheme for condonation of delay for companies restored between 01 December 2020 and 31 December 2020 u/s 252 vide circular no. 03/2021 shall come into effective from 01st February 2021.

Companies which have obtained orders of Hon’ble NCLT under section 252 of CA 2013 dated between 01 December 2020 and 31 December 2020 are requested to approach the concerned jurisdictional ROCs along with copy of NCLT order, challan copy towards payment of cost as imposed by Hon’ble NCLT to avail the benefit of the scheme and/to mark the company's status from ‘Strike off’ to ‘Active’.

Company Restoration Scheme Effective Feb 1st

Further, to avoid last minute rush and any hardship in filing documents on the MCA21 portal, stakeholders are advised to approach the ROCs at the earliest and shall not wait till the last date.

FAQ :

The scheme comes into effect from 1st February 2021.

Companies that obtained restoration orders under section 252 of CA 2013 between 1st December 2020 and 31st December 2020 are eligible.

The scheme allows for the condonation of delay for eligible companies and helps in marking their status from 'Strike off' to 'Active'.

You need to approach the concerned jurisdictional ROCs with a copy of the NCLT order and a challan copy showing payment of costs imposed by the NCLT.

While no specific last date is mentioned, stakeholders are advised to approach the ROCs at the earliest to avoid last-minute rush and potential difficulties with filing on the MCA21 portal.



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