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What is Companies Fresh Start Scheme, 2020(CFSS)?

The Ministry of Corporate Affair issued the circular dated 24th March, 2020, having Circular No. 11/2020 relaxing any additional payment payable by the company on late filing of e-Forms to ROC to provide relaxation to the corporate world causing devastating circumstances created by COVID-19 causing a global pandemic. MCA in furtherance of the abo..

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Analysis of Companies Fresh Start Scheme 2020

By addressing all the Regional Directors, Registrar of Companies and Stakeholders the MCA vide its General Circular No. 12/2020 dated 30th March, 2020 has notified the Companies Fresh Start Scheme, 2020. In furtherance of the..

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Comparative Analysis of the old and modified LLP Settlement Scheme-2020

Ministry of Corporate Affairs on March 04, 2020 vide General Circular No. 6/2020 had announced LLP Settlement Scheme-2020-reg. to give relief to the Limited Liability Partnerships (LLPs) which have defaulted in filing of certain LLP forms with the Registrar of Companies. MCA on March 30, 2020 vide General Ci..

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Companies Fresh Start Scheme, 2020 - Overview and FAQs

The MCA vide its circular dated 30th March 2020 has issued Companies Fresh Start Scheme, 2020 to promote defaulting companies to make a fresh start on a clean slate and waive the additional fee as charged under section 403 of Companies Act, 2013 which is applicabl..

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DIR-3 KYC can be filed without any filing fee till 30th September notifies MCA

DIN holders of DINs marked as ‘Deactivated’ due to non-filing of DIR-3KYC/DIR-3 KYC-Web and those Companies whose compliance status has been marked as “ACTIVE non-compliant” due to non-filing of Active Company Tagging Identities and Verification(ACTIVE) eform are encouraged to become compliant once again in pursuance of the General Circular No. 11 dated 24th March, 2020 ..

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Coronavirus: LLP Settlement Scheme, 2020 revised by MCA

General Circular No. 23 2020  F.No. 17/51/2016-CL-11-Pt-I  GOVERNMENT OF INDIA  MINISTRY OF CORPORATE AFFAIRS  5th Floor, A Wing, Shastri Bhavan,  Dr. R.P. R..

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MCA launches Companies Fresh Start Scheme, 2020 in the wake of COVID-19

Ministry of Corporate Affairs 30 March 2020 New Delhi In pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, the Ministry of Corporate ..

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Overview of Companies Fresh Start Scheme, 2020

As expected, MCA has finally announced the Companies Fresh Start Scheme 2020 (CFSS) giving one time opportunities to defaulting companies to file the pending forms Without any additional fees and seek immunity from the penalties and prosecutions as provided under Companies Act, 2013. As the name of scheme suggests, it is a one-time opportunity gi..

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Companies Fresh Start Scheme 2020

Ministry of Corporate Affairs (MCA) on March 30, 2020, introduced Companies Fresh Start Scheme 2020 (CFSS 2020/Scheme) vide General Circular No 12/2020 . This Scheme is issued in furtherance of Ministry's Circular No. 11/2020 issued on March 2..

Posted in articles |   4 comments |   1978 Views

COVID-19: Contribution to PM CARES Fund eligible CSR Activity clarifies MCA

To deal with the distress caused by COVID-19(Coronavirus) people and companies have been contributing to the PM CARES Fund. MCA clarified that such contribution will be treated as eligible CSR activity under the Companies Act 2013.&nbsp; eF. No. CSR-05/1/2020-CSR-MCA <strong..

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Form INC-20A: Consequences of delay in filing

What is Form INC-20A? As per the provisions of Section 10A of the Companies Act, 2013, a Company incorporated after the commencement of the Companies (Amendment) Ordinance, 2018 (2nd November 2018) and having a share capital shall not commence any business or exercise any borrowing powers unless a declaration (INC-20A) is filed&nbsp;by a director within a period of&nb..

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COVID-19: Spending of CSR funds for COVID-19 eligible CSR Activity clarifies MCA

In view of the outbreak of the novel Corona Virus in India which has been declared a pandemic by the WHO. The&nbsp;&nbsp;Government of India has decided to treat this as a notified disaster, the MCA further&nbsp;clarified that spending of CSR funds for COVID-19 is eligible CSR activity.&nbsp; General Circular No. 10/2020 <p style="t..

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MCA Guidelines to File the MCA E-form COVID-19 : CAR-2020 & Key Features

Introduction: Ministry of Corporate Affairs vide a notification dated 20.02.2020, to all the Corporates including Companies and LLPs both are expected and strongly advised to put in place an immediate plan to implement &quot;Work from Home&quot; Policy in their headquarters and field offices. &bull; MCA has came up..

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MCA to deploy web form to confirm readiness to deal with Coronavirus(COVID-19)

In the view of spurt of the novel COVID-19, the MCA has issued an advisory on preventive measures to contain the spread of COVIS-19. In order to generate greater awareness and confidence in our state of readiness, the Ministry of Corporate Affairs is in the process of developing and deploying a simple web form for companies/ LLPs to confirm the readiness t..

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Prescribed Board meetings through video conferencing and audio visual notifies MCA

In the view of the novel COVID-19 outbreak, the MCA&nbsp;(Ministry of Corporate Affairs) has notified that the requirement of holding Board meetings with the physical presence of the director will be held through video conferencing or audiovisuals. Here is the ..

Posted in news |   1 comments |   475 Views

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