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 widespread disruptions caused by the COVID-19 pandemic. The scheme will now be available until 31st December 2020. All other conditions of the original scheme remain the same.

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 MinistrysGeneral Circular No.12/2020 dated 30.03.2020, in view of the large scale disruption caused by
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FAQ :

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

Yes, the Companies Fresh Start Scheme, 2020 has been extended.

The scheme has been extended until 31st December 2020.

The extension is due to the large-scale disruption caused by the COVID-19 pandemic.

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

 
Notification No : General Circular No. 30/2020
Source : http://www.mca.gov.in/Ministry/pdf/GeneralCircularNo.30_28092020.pdf



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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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