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November 6, 2020

Extension of Companies Fresh Start Scheme, 2020 by the MCA

Reported By: Andri Shukla

By way of General Circular No. 30/2020 dated September 28, 2020 the MCA has extended the operation of the Companies Fresh Start Scheme 2020 until December 31, 2020 owing to COVID-19 pandemic related disruptions. The Companies Fresh Start Scheme provides companies a one-time relaxation towards payment of additional fees for defaults in relation to statutory compliances (viz. any belated filings). Additionally, the said scheme, which came into force on April 1, 2020, provides inactive companies an opportunity to pay the normal fee and have their status declared as dormant.

 Source: http://www.mca.gov.in/Ministry/pdf/Circular12_30032020.pdf ; http://www.mca.gov.in/Ministry/pdf/GeneralCircularNo.30_28092020.pdf

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