Extension of timelines for various Company Law compliances under Companies Act, 2013

• September 30, 2020
• CA Chandan Agarwal's Office

Keeping in view the practical difficulties being faced on account of Covid-19, MCA to facilitate Ease of doing business has granted following reliefs to Companies/LLPs by way of Circulars and Amendments to Rules dated 28.09.2020:

1. Extension of Companies Fresh Start Scheme, 2020 (CFSS): CFSS Scheme which was to end on 30.09.2020 Vide General Circular 12/2020 now stands extended up to 31.12.2020.

Note: All pending/belated filings (except certain forms) on any given date could be filed till 31.12.2020 without any additional Fees. Further, the Companies could avail immunity from launching of prosecution or proceedings for imposing penalty on account of delay associated with belated filings by filing Form CFSS within 6 months from closure of the Scheme.

Read more on: https://taxguru.in/company-law/extension-timelines-company-law-compliance.html