CFSS 2020 - Make scheme applicable for companies who have done the filings and paid late fees prior to scheme

CFSS 2020 - Make scheme applicable for companies who have done the filings and paid late fees prior to scheme

THE INSTITUTE OF COMPANIES SECRETARIES OF INDIA

MCA : July : 2020

July 9, 2020

Shri Rajesh Verma, IAS Secretary Ministry of Corporate Affairs Government of India Dr. Rajendra Prasad Road Shastri Bhawan New Delhi 110001 Dear Sir, Sub : Request for relief under the Companies Fresh Start Scheme, 2020 We wish to draw your kind attention towards Circular No 11/2020, dated March 24, 2020 and further Circular No. 12/2020 dated March 30, 2020, issued by the Ministry of Corporate Affairs ('MCA'), wherein a Scheme has been introduced namely the Companies Fresh Start Scheme, 2020 ('Scheme'). The Scheme is applicable for the period from April 1, 2020 to September 30, 2020. In the wake of global pandemic, the said Scheme is a welcome step to provide an opportunity to the defaulting companies to make a fresh start by filing the belated documents under the Companies Act, 2013 with normal fees without the requirement of payment of additional fees. The Scheme intends to provide immunity from the launch of prosecution and proceedings for imposing penalty on account of delay in filing of documents and is available only in respect of filings made during the period of Scheme as per the conditions mentioned therein.