Company Fresh Start Scheme – 2020 , File Company Returns without Additional Fee

• Company Law
• March 31, 2020

Company Fresh Start Scheme – 2020 , File Company Returns without Additional Fee

What is this Company Fresh Start Scheme – 2020 (CFSS-2020)  for

Company Fresh Start Scheme -2020 is for Waiver for Payment of Additional Fee for Filing of E forms with ROC/MCA and Immunity from launch of prosecution or proceedings for imposing penalty

Applicable for

• Companies which has not filed Annual Return and Financial Statements to ROC /MCA i.e. Form AOC-4, AOC-4 XBRL, AOC-4 CFS,  Form MGT-7
• Companies which has not filed any E Forms that are required to be filed to ROC /MCA and not filed i.e. Form MGT-14, ADT-1, Form DPT-3 , Form DIR-12, Form 20A, INC 22

Period for Which Returns Can be filed under CFSS-2020

• From 01-04-2020 to 30-09-2020

Fee Payable for Filing of Documents

• Normal Filing Fee

What is Form CFSS-2020

• E Form
• Required to be Filed with MCA
• Within 6 Months after the End of the Scheme
• No Filing Fee for E Form CFSS-2020

Non Applicability of CFSS-2020

• Company under Strike off
• Amalgamated Companies
• Applications filed for obtaining Status of Dormant Companies
• Vanishing Companies
• Form SH-7 for Increase in Authorized Share Capital
• Form CHG-1 , CHG-4, CHG-8, CHG-9 related to Charge

Inactive Companies

Shall File

• Application for Obtaining Status of Dormant Company
• STK-2 for Strike of Name of Company

Action by ROc/MCA

• If Pending Returns/ Documents are not filed
• MCA/ROC will take action as per provisions of Companies Act, 2013 which provides for very high penalties

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