COMPANIES FRESH START SCHEME, 2020 (CFSS-2020) The Central Government in exercise of powers conferred under Section 460 read with Section 403 of the Companies Act, 2013 has decided to introduce a scheme namely “COMPANIES FRESH START SCHEME, 2020 (CFSS-2020) , It shall facilitate the companies registered in India to make a fresh start on a clean slate. This scheme is one-time opportunity to enable defaulting companies to complete their pending compliances by filing necessary documents in the MCA-21 registry including annual filings forms, other returns, documents and statements without paying additional fees on account of delay and to avail immunity from launching of prosecution or proceedings for imposing penalty on account of delay associated with certain filings. In other words, defaulting companies shall require to pay only normal fees for filing of above-mentioned delayed documents during the currency of CFSS-2020. In addition, the scheme gives an opportunity to
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