Company Fresh Start Scheme, 2020

All the companies are required to make annual statutory compliances by filing annual return and financial statements. Apart from this, various other statements, documents returns, etc. are required to be filed from time to time. However, many companies have failed to do such compliances. In order give an opportunity to such defaulting companies, central government has introduced “Companies Fresh Start Scheme, 2020” condoning the delay in filing the above mentioned statements, documents, returns, etc by paying only normal fees. Additional fees i.e. late filing fees has been waived off.

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Applicability of the scheme:

The scheme is applicable to all the defaulting companies i.e. the companies which have made default in filing of any documents, statements, returns, etc. including annual statutory documents on the MCA-21 registry. The scheme is applicable for the filings made during the period from 1st April, 2020 to 30th September, 2020.

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