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Companies Law - Highlights / Catch Notes

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Companies Fresh Start Scheme (CFSS) 2020 - Defaulting company - ...


Companies Fresh Start Scheme 2020: File Returns Without Penalties for Active Defaulting Companies Still on Register.

September 29, 2020

Case Laws     Companies Law     HC

Companies Fresh Start Scheme (CFSS) 2020 - Defaulting company - The Scheme is a fresh lease of life given to defaulting companies, which are not yet declared `Inactive’, to file their returns and do their businesses in accordance with law - The scheme is an ENABLER and not a DISABLER for defaulting but active companies. - The Petitioner would be entitled to avail of the Scheme to file documents of the defaulting company, which is still an active company whose name has not been struck off. - HC

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