COMPANY LAW UPDATES – APPLICATION FOR IMMUNITY FOR BELATED FILING OF RETURNS WITH REGISTRAR OF COMPANIES (“ROC”) – Eshwars
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COMPANY LAW UPDATES – APPLICATION FOR IMMUNITY FOR BELATED FILING OF RETURNS WITH REGISTRAR OF COMPANIES (“ROC”)

Authored by Adit N Bhuva & Sri Vidhya Kumar

Brief background:

The Ministry of Corporate Affairs, had on 30th March 2020, introduced Companies Fresh Start Scheme 2020, to provide companies with an opportunity to make good any filing related defaults, irrespective of duration of default and make a fresh start as a fully compliant company.

The Scheme was in force from 1st April 2020 till 30th September 2020 and further extended to 31st December 2020.

The details of the Scheme can be accessed in http://eshwars.com/blog/opportunity-to-file-delayed-belated-returns-with-registrar-of-companies/.

Application for immunity:

The Companies which had filed belated returns/forms with the ROC under this Scheme, are required to file a form CFSS-2020, in order to get immunity from any prosecution or penalties for filing belated returns with ROC.

Time limit for filing the form CFSS-2020:

The Companies which had filed belated returns/forms with the ROC under this Scheme, has to file the form CFSS-2020 before 30th June 2021.

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