Company Fresh Start Scheme (CFSS) 2020

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Company Fresh Start scheme 2020 is a one time scheme for all defaulting companies for filing pending documents without additional fee. The scheme end on 31st September 2020.

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Overview - Company Fresh Start Scheme 2020

Company Fresh Start scheme 2020 is a one time scheme for all defaulting companies for filing pending documents without additional fee. The scheme end on 31st September 2020.

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Companies Fresh Start Scheme, 2020.

In order to facilitate the companies registered in India to make a fresh start on a clean slate, the Ministry of Corporate Affairs  has decided introduced Companies Fresh Start Scheme, 2020.

Annual Filings by Companies

Companies Act, 2013 requires all companies to make annual statutory compliance by filing the Annual Return and Financial Statements. Apart from this, various other statements, documents, returns, etc are required to be filed on the MCA21 electronic registry within prescribed time limits. Delay in filing these returns will attract penalty fine and penal actions asper Companies Act.

One Time Opportunity

In order to give an opportunity to the defaulting companies and to enable them to file the belated documents, MCA has introduced "Companies Fresh Start Scheme, 2020 (CFSS-2020) for condoning the delay in filing the returns  with the Registrar, insofar as it relates to charging of additional fees, and granting of   immunity from launching or prosecution or imposing penalty.

Fee Payable for CFSS

Only normal fees for  filing of documents in the MCA-21 registry will be payable in such case  during the currency or CFSS-2020. There will not be any additional fee for any documents.

Every defaulting company  shall be required to pay normal fee as prescribed under the Companies (Registration Offices and FCC) Rules, 2014 on the date of filing of each belated document and no additional fee shall be payable.

Applicability of CFSS

Any ‘defaulting company’ is permitted to file belated documents which were due for filing on any given date in accordance with the provisions of this Scheme:

Immunity from the launch of prosecution or proceedings for imposing penalty shall be provided only to the extent such prosecution or the proceedings for imposing penalty under the Act pertain to any delay associated with the filings of belated  documents.

Application for issue of immunity under the CFSS

An application for seeking immunity in respect of belated documents filed under the Scheme in the Form CFSS-2020, after closure of the Scheme and after the document(s) are taken on file, or on record or approved by the Designated authority as the case may be but not after the expiry of six months from the date of closure or the Scheme. There is no fee payable on this Form.

Scheme not to apply

This scheme shall not apply

  • * to companies against which action for final notice for striking off the name u/s 248 of the Act (previously section 560 of Companies Act. 195j has already been initiated by the ROC.
  • * where any application has already been filed by the companies for action of striking off the name of the company from the register of companies;
  • * to companies which have amalgamated under a scheme of arrangement or compromise under the Act;
  • * where applications have already been filed for obtaining Dormant Status under section 455 of the Act before this Scheme
  • * to vanishing companies;
  • * Where any increase in authorized capital is involved (Form SH7)
  • * also charge related documents (CHG-I, CHG-4. CHG-8 and CHG-9);


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Company Fresh Start Scheme (CFSS) 2020 - Requirements

"Defaulting Company"

"Defaulting company" means company defined under the Companies Act, 2013, and which has made default in filing of any or the documents, statement, returns, etc including annual statutory documents on the MCA-21 registry

Company Fresh Start Scheme 2020 - Process

Identify the Pending ROC Returns

Assess the filing status of the Company and Identify the pending returns by the company.

File the Returns Before 30th September 2020

File all the returns before 30th September 2020 to avail the scheme

Documents Required

Audited Financial Accounts

Get the audited Annual Accounts ready for filing with the office of ROC

Secretarial Records and Board Minutes of Company

It is necessary to get Secretarial Records and Board Minutes of Company ready before filing ROC returns

Annual Return of Company

Need to compile shareholders and directors details for Annual Return of Company

Benefits : Company Fresh Start Scheme 2020

No Penalty / Additional Fee

Under CFSS, no company has to pay any additional Fee/ penalty for any filing

Immunity from prosecution / penalty.

Companies can claim immunity from prosecution / penalty under Companies Act.

Immunity certificate under CFSS-2020

ROC will issue an immunity certificate in respect of documents filed under this Scheme.

Effect of immunity

The company shall be deemed to have complied all the requirements as to filing of reruns and there will nor be any further action from the office of ROC.

Faq - Company Fresh Start Scheme (CFSS) 2020

All defaulting companies can avail the scheme. Defaulting company means any company default in filing any documents, returns or statements with registrar of companies.
Yes, the scheme can be applicable to if final notice not served by registrar of companies.
No, this scheme not applicable to dormant company
The scheme end on 30th September 2020

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