COVID 19 has been declared as pandemic disease and the whole world is fighting against it. The only way to fight this novel corona virus is to stay home. As guided by government, India is under a lock down period, to fight against this. However, amid all these chaos, one fact is also there, that there are end number of compliance that a company has to complete. Now taking this in consideration, The Ministry of Corporate Affairs has launched a scheme namely "Companies Fresh Start Scheme, ..
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..
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..
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&..
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 di..
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 sche..
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 pendin..
The MCA announced CFSS 2020 and LLP Settlement Scheme 2020 to give relief measures to Companies and LLPs amidst the outbreak of COVID-19. Read 50 FAQs on LLP and CFSS 2020 which will clear all your doubts...
Due to the outbreak of COVID-19 the MCA released various relaxations for companies. MCAs relaxations include the Companies Fresh Start Scheme, deferment of applicability of CARO, allowing Board Meetings through video conferencing, etc. ..
The Companies Fresh Start Scheme 2020 gives a chance to companies to file their pending forms without paying any additional late fees...
The Companies Fresh Start Scheme 2020 gives a chance to all the companies to make a fresh start by condoning the delay in filing of documents without charging any additional fees. ..
The Corporate Affairs Ministry (MCA) has come up with the 'Companies Fresh Start Scheme 2020' to enable companies make good of any filing-related de..