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introduce Companies Fresh Start Scheme(CFSS-2020)

At the present time the world is currently on a lockdown due to the Coronavirus (Covid-19) pandemic.

A new scheme has introduced by the ministry of corporate affairs known as the Companies Fresh Start Scheme,2020(CFSS) in attempt to ease the matters for the Companies.

In order to make a fresh start on a clean state and keeping in view Covid-19 outbreak relief. It has been decided to introduce Companies Fresh Start Scheme(CFSS-2020) The idea behind this is to provide a clean slate to all the law- enduring companies, giving them extended period of time and financial relief at a certain level considering the current global state. In addition to this, the MCA has also given the LLPs a bit of breathing space by making certain changes to the LLP settlement scheme,2020.

Further, directors having their DINs 'Deactivated' due to non-filing of DIR-3KYC are also emboldened to file their DIR-3KYC without any late fee of INR 5000.
Since incorporation, your company has failed in annual filing with MCA. It's mandatory for every Private Limited Company in India to file its Annual Filling forms i.e From AOC-4 and MGT-7 with MCA, every year.

A matter of relief is as under:-


1.The scheme is effectual from 01st April, 2020 to 30th September, 2020.
2.This relief shall apply to the filing of the following documents:-

  • Form-AOC-4
  • Form-MGT-7
  • DIR-3 KYC

3.The USP of the scheme is that there will be no late fee on such filing.

Arun K Sharma & Associates is a group of qualified professionals including CA, CS, MBA and Advocates. We help you comply all ROC Compliance related to a Private Limited Company within time & also provide Internal & external audits, Gst services.