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Condonation of Delay Scheme


Condonation of Delay Scheme

Condonation of Delay Scheme

Condonation of Delay Scheme for Companies Restored under section 252 of Companies Act,2013 between 1st Dec,2020 to 31st Dec,2020

 

MCA UPDATES DATED 15TH JAN,2021

The Companies Fresh Start Scheme (CFSS) which was introduced in March 2020 and extended twice till Dec,2020  is no longer applicable for various filings done under the provisions of the Companies Act, 2013.

However, MCA had received various representations from stakeholders for relief as under:

Some Companies had preferred appeals u/s 252 of the Companies  Act before the respective NCLT Benches against striking of the name of Companies.

The order for restoration were issued during the month of Dec,2020 and consequently such Companies could not avail the benefit of CFSS Scheme and are liable to pay additional  fees on pending returns.

Therefore, in view of the above MCA through  circular 03/2021 dated 15.01.2021 had introduced the scheme,“Scheme for Condonation of delay Scheme for Companies Restored under section 252 of Companies Act,2013 between 1st Dec,2020 to 31st Dec,2020  for the purpose of condoning the delay in filing forms with the Registrar, in so far as it relates to charging of additional fees on account of delay in such filings.

Details of the Scheme are:

Scheme shall be effective from 1st Feb,2021 to 31st March,2021

Scheme shall be applicable for Companies who had received restoration order u/s 252 of Companies Act,2013 during the period  1st Dec,2020 to 31st Dec,2020.

Normal fees  under the Companies(registration office and Fees Rules),2014 shall be applicable.

Scheme shall be applicable for all forms except: SH-7,CHG-1,CHG-4,CHG-8 AND CHG-9.

 

SOURCE: mca.gov.in