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Corporate Laws Central Ministry of Corporate Affairs Companies Act, 2013

Scheme for condonation of delay for companies restored on the Register of Companies between 1/12/2020 and 31/12/2020, under section 252 of the Companies Act, 2013

15-Jan-2021 | General Circular No. 03/2021

MCA has issued a circular stating that CFSS Scheme, operationalized vide General Circular No. 12/2020, dated 30.03.2020 and extended vide General Circular No. 30/2020, dated 28.09.2020 is no longer applicable for various filings done under the provisions of the Companies Act, 2013 and in place of which a new Scheme has been introduced named as, "Scheme for condonation of delay for companies restored on the Register of Companies between 01 December 2020 and 31 December 2020, under section 252 of the Companies Act, 2013 for the purpose of condoning the delay in filing forms with the Registrar, insofar as it relates to charging of additional fees on account of delay in such filings. The highlights of the scheme are- 1. It shall come into effect from 1st February 2021. 2. It shall be applicable in respect of companies in respect of whom the appeal filed under section 252 of the Act with the respective NCLT bench for the restoration of the name of the company was disposed of between 01.12.2020 to 31.12.2020, with an order for restoration of the company. 3.The last date for filing of any overdue e-forms shall be 31.03.2021 4. It shall be applicable in respect of filing of all e-forms [except where any increase in authorized capital is involved (e-Form SH-7) and charge related documents (e- forms CHG-1, CHG-4, CHG-8 and CHG-9)] which are required to be filed with the Registrar. 5. Every company shall be required to pay normal filing fees on the date of filing and no additional fees shall be payable for the forms for which the scheme is applicable.

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