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companies fresh start scheme 2020


Event Date for CFSS

List of 63 forms given below Due date of filing of E-form CFSS is 30 June, 2021 for all the Companies. If Companies fails to file CFSS Form they will loose the immunity granted to them by CFSS Scheme.   S. No. Act Form No. Form Description DUE DATE DATE OF EVENT 1 CA 1956 20B Annual Return. 60 Days Of AGM ..

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Due date of DPT-3, CFSS-2020 & NDH-1 extended or not?

The MCA vide General Circular No. 11/2021 dtd. 30th June, 2021, in continuation to its General Circular No. 06/2021 dtd. 3rd May, 2021, has granted additional time up to 31st August, 2021 to Companies & LLPs to file those forms which are due for filing during 1st April, 2021 to 31st July, 2021, without any additional fees. This Circular excludes Charge related forms, i.e., CHG-1, CHG-4 & CHG-9. Whether this circular covers in its ambit FORMS DPT-3, CFSS-2020 & NDH-1? Let's ..

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Practical Approach: Form CFSS-2020

Applicability CFSS-2020 is required to be filed pursuant to MCA's General Circular No. 12/2020 by those Companies which have filed belated forms/ documents in the MCA-21 registry under the Companies Fresh Start Scheme, 2020 during moratorium period starting from 1st April, 2020 to 31st December, 2020. Non-applicability LLPs are not required to file CFSS-2020 form. Due Date CFSS-2020 shall be filed within 6 months from the end of the scheme i.e., 30th June, 2021. In no case thi..

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4,73,131 number of Indian Companies & 1,065 number of Foreign Companies benefited by availing CFSS 2020

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. The Ministry of Corporate Affairs (MCA) through the General ..

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MCA introduces the availability of CFSS-2020 form as e-form w.e.f 16th January, 2021

Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India 18th January, 2021 ANNOUNCEMENT   Sub: Availability of Companies Fresh Start Scheme-2020 Form as e-form w.e.f. 16th January, 2021 The Ministry of Corporate Affairs (MCA) had introduced a scheme “Companies Fresh Start Scheme, 2020 (CFSS-2020) vide its General Circular No 12/2020 dated 30th March 2020 to give a one-time opportunity to the defaulting companies and to enable t..

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CFSS-2020 Form shall be available for filing as eForm w.e.f 16th January 2021

CFSS-2020 Form shall be available for filing as eForm w.e.f 16th January 2021. Stakeholders may please take note and plan accordingly. ..

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No extension of CFSS 2020 & LLP Settlement Scheme and Its Impact

IMPACT OF NO EXTENSION OF CFSS & LLP SETTLEMENT SCHEME What were the benefits of the MCA Scheme? The Ministry of Corporate Affairs, Government of India (MCA), introduced a one of its kind “Fresh Start” Scheme for all companies and Limited Liability Partnerships (LLPs) as a one-time opportunity, in the backdrop of the widespread disruption caused by the COVID-19 pandemic, vide its general circular nos. 12/2020 and 13/2020 dated 30th March, 2020. Highlights of the Companie..

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Extend CFSS Scheme - Why is Extend_CFSS Trending on Twitter?

Due to the disruption caused by the COVID-19 pandemic, there has been a continuous demand for an extension in due dates of various compliance. While on 30th December 2020, the government extended the due date for filing ITR and GST returns, no such extension was given for the Companies Fresh Start Scheme, 2020 (CFSS 2020). As of late, an outpour of demands requesting the government to extend the due date for CFSS is being seen on social media. Consequently, hashtags such as #Extend_CFSS and #CFS..

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All You Need To Know About Company Fresh Start Scheme (CFSS) 2020

Currently, the entire world is in a pandemic situation and people are struggling to fulfil their basis necessities. In this situation regulatory reporting became a huge burden to so many businesses. In light of these events MCA introduced a scheme where all the companies which has defaulted in previous filings such as Annual returns, financial statements etc can be settled and make a fresh compliance from now on. This Scheme is known as Company Fresh Start Scheme (CFSS) 2020. Lately, so many ..

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#Extend_CFSS trends on Twitter, as professionals demand the same

Over the past couple of weeks, the demand for an extension in the due date for filing various Income Tax and GST Returns was raised on Twitter. After the government's announcement on 30th December 2020, the same was extended. However, no such extension was given for the Companies Fresh Start Scheme. Hence, #Extend_CFSS started trending on Twitter, thereby showcasing the demands of the taxpayers and professionals.    #Extend_CFSS trends as professionals demand the same ..

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Extension of CFSS Scheme requested by UP Merchant Association

The UP Merchant Association has written a representation letter to the Union and Finance Minister Smt. Nirmala Sitharaman requesting for the Ministry of Finance to extend the Companies Fresh Start Scheme to 30th June 2021. The validity for the CFSS Scheme collapsed on 31st December 2020. However, no news for the extension has come yet. Professionals have also taken it to Twitter to express their demands, as Extends_CFSS trends on the social networking site. Read the official representation lette..

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Extension of CFSS and LLP Scheme requested by ICSI

The Institute of Company Secretaries of India has written a representation letter to the Union and Finance Minister Smt. Nirmala Sitharaman requesting for the Ministry of Finance to extend the Companies Fresh Start Scheme to 31st March 2021. The validity for the CFSS Scheme collapsed on 31st December 2020. However, no news for the extension has come yet. Professionals have also taken it to Twitter to express their demands, as Extends_CFSS trends on the social networking site. Read the off..

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Filing Under Companies Fresh Start Scheme

Filing Under Companies Fresh Start Scheme: Status from Non-Compliant to Active Compliant for Private Limited Company. As we all are aware of the unpredictable situations caused by the global pandemic Covid-19. The Ministry of Corporate Affairs has introduced a new scheme known as the Companies Fresh Start Scheme, 2020. Additionally, MCA has also given the LLP’s financial relief with regard to Compliances considering the current situations by introducing LLP Settlement Scheme, 2020. ..

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FAQs on Companies Fresh Start Scheme 2020

Amidst the COVID-19 pandemic, there are 'n' number of compliances that a company has to complete. Now taking this into consideration, The Ministry of Corporate Affairs has launched a scheme namely "Companies Fresh Start Scheme, 2020' to give a fresh start to defaulting companies and to give immunity against the prosecution to such companies by filing E form CFSS 2020. What is this scheme is all about? Who it will benefit? Who it will not? What would be the effe..

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Filing Of Documents By Companies: Examination Of CFSS, 2020

ABSTRACT Any company which is established in India has to go through a protracted set of legal procedures before being finally incorporated. A registered company gets a separate legal existence and is capable of exercising all of its rights as an artificial person. A company can sue and can be sued in its personal capacity. A company, whether private, public or one person has to necessarily comply with the provisions incorporated under the Companies Act of 2013. Filing of documents is not one..

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Extension of Companies Fresh Start Scheme, 2020

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..

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Request for Extension of Companies Fresh Start Scheme i.e. CFSS 2020 and LLP Settlement Scheme 2020

The Karnataka State Chartered Accountants Association requests for an extension in the Companies Companies Fresh Start Scheme 2020 (CFSS) by at least 3 months i.e. till 31st December 2020. Moreover, a same extension has been requested for the LLP Settlement Scheme. This request is generated keeping in lieu the COVID-19 pandemic and the hardships faced as a consequence of it.   Date: 17th September 2020 To, Smt. Nirmala Sitharaman Hon’ble Minister of Finance & Minister of Cor..

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50 FAQs on Companies Fresh Start Scheme (CFSS), 2020 and LLP Modified Settlement Scheme, 2020

1. Is the CFSS 2020 applicable on foreign company? Will the forms FC-1, FC-2 and FC-3 be covered under the scheme? Ans : Yes. 2. How to file the belated returns for companies under liquidation? Ans: Only Refund form, GNL-2 (149, 152, 153, 154, 156, 157, 158, 159 and others), INC-28 (Amalgamation/Merger/Demerger/445, 466, 481, Others), MGT-14 (Others) and GNL-4 are allowed to be filed if the company status is under liquidation. 3. Can Deactivated director activated through this scheme..

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What is Companies Fresh Start Scheme, 2020?

The Ministry of Corporate Affairs (MCA) has introduced a new scheme known as Company Fresh Start Scheme, 2020 (CFSS, 2020) for the companies to reduce the burden of compliance delays during the COVID-19 period. The main purpose of introducing this scheme is to give additional time for various filing requirements and financial relief in terms of Compliance. Applicability Any ‘Defaulting Company' is permitted to file belated documents in accordance with this scheme. This scheme is ..

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CFSS 2020: A one time opportunity

Due to this pandemic situation every person is limited with resources either in the terms of funds or in terms of compliance, so in this pandemic situation, to boost the entrepreneur and to encourage him the government comes forward and introduce an one time late fees waiver for all the previous returns in which Company is in default. Now Govt. vides its Ministry of Corporate affairs circular No.11 dated 24.03.2020 introduce one time late fees waiver and allow to file all its pending annual r..

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