The Ministry of Corporate Affairs has extended the duration of several schemes till 31.12.2020 in view of the continued disruption caused due to the COVID-19 pandemic in certain parts of the country and to provide greater Ease of Doing Business.
📝Companies Fresh Start Scheme, 2020
The Ministry of Corporate Affairs had introduced a new scheme known as the Companies Fresh Start Scheme, 2020, valid from 01.04.2020 to 30.09.2020 to enable companies to make good their previous defaults. This Scheme has now been extended till 31.12.2020. vide General Circular NO 30/2020 dated 28/09/2020
📝Revised LLP settlement Scheme, 2020 for defaulting LLPs
The MCA had also introduced a new scheme known as the LLP Settlement Scheme, 2020 which was valid from 01.04.2020 to 13.06.2020 and was later extended till 30.09.2020. The Scheme has been further extended to 31.12.2020 to enable LLPs to make good their previous defaults. vide General Circular NO 31/2020 dated 28/09/2020
📝Creation or modification of charges
The Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013. vide General Circular NO 32/2020 dated 28/09/2020
The Scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013. vide General Circular NO 32/2020 dated 28/09/2020
📝Conducting EGMs
The time for conducting EGMs through Video Conference or Other Audio Visual Means also stand extended till 31.12.2020. General Circular NO 33/2020 dated 28/09/2020
The time for conducting EGMs through Video Conference or Other Audio Visual Means also stand extended till 31.12.2020. General Circular NO 33/2020 dated 28/09/2020
The Ministry of Corporate Affairs has also extended the time within which Independent Directors of companies have to register themselves on the databank maintained by the IICA from 30.09.2020 to 31.12.2020.
Read all circulars extending compliance due dates as above here:
#Read more about LLP settlement Scheme, 2020 for defaulting LLPs
#Read more about Companies Fresh Start Scheme, 2020
