In view of the ongoing COVID-19 crisis, the Indian Ministry of
Corporate Affairs (MCA) provided additional
relaxations to companies and LLPs. This is done to ease the burden
of compliance under various provisions of Companies Act, 2013
(Companies Act) and Liability Partnership Act,
2008 (LLP Act).
▪ Extension of Fresh Start Scheme and LLP
Scheme: The Companies Fresh Start Scheme, 2020
(CFSS Scheme) and the LLP Settlement Scheme, 2020
(LLP Scheme) have been extended until
December 31, 2020 (earlier they expired on
September 30, 2020). Both these schemes allow delayed filing of
eForms with the MCA without payment of additional fees. (The
Ministry also provided a specific extension of time for delayed
filing of creation or modification of charges forms. Our previous
update on this can be viewed here ▪Extension
of Fresh Start Scheme and LLP Scheme: The Companies Fresh
Start Scheme, 2020 (CFSS Scheme) and the LLP
Settlement Scheme, 2020 (LLP Scheme) have been
extended
