Avail benefit of

Companies Fresh start Scheme, 2020

Do you own a defaulting Company whose Mandatory Compliance are pending since long? You have an opportunity to complete all your pending compliance without paying any additional fees or penalty through availing benefit of Companies Fresh Start Scheme, 2020 (CFSS 2020). Prices starts from INR 2499/- only.

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What is Companies Fresh Start Scheme, 2020?

All you need to know about CFSS, 2020

Companies Fresh Start Scheme:

“Companies Fresh Start Scheme, 2020″ is a scheme which will give a chance to enable companies to make good of any filing-related defaults, irrespective of the duration of default, and make a fresh start as a fully compliant entity.”

 

The CFSS Scheme will be effective from 1st April, 2020 to 31.12.2020. (Earlier the duration period was from 1st April, 2020 to 30th September, 2020). And once you file all the pending documents, returns, forms etc, to get the benefit of the scheme, you will need to file the Form CFSS, 2020 within the six months from the conclusion of the scheme that means before 30th June, 2021. 

Who will get benefit from the scheme?

Usually, a company is required to file three forms with ROC namely form AOC 4 (Financial Statements), MGT 7 (annual returns) & ADT 1 (Auditor’s appointment) every year. If the company fails to do so, it is called a defaulting company and may have to pay hefty penalties.

Under the scheme following companies may get the benefit:

  • All the defaulting companies, who have made a default in filing necessary documents and forms with ROC.
  • The companies who have been prosecuted against such default may be able to get the immunity from such prosecutions.

Benefits under the Scheme:

  • You may file all your pending documents / forms without any additional fees on any return filed by the company under the scheme.

  • The companies will be granted with the Immunity Certificate

  • ROC shall withdraw any pending prosecution regarding such forms and proceedings of adjudication of penalties.

To get the benefit under the Companies Fresh Start Scheme, 2020, only filing the pending documents, returns, forms will not be sufficient but to avail the benefit under the scheme You need to ensure that you have complied with all the pending compliance. After that file the Form CFSS, 2020.

Due date for filing the Form CFSS 2020:

The companies has to file the Form CFSS on or after 1st January, 2021 and before 31st March, 2021.

Why Ebizfiling as your service provider for Availing CFSS, 2020 benefits?

Ebizfiling is a group of intellectuals. The entire team of Ebizfiling consists of Highly qualified CA, CS, Lawyers and business administrators. Ebizfiling would be a one stop destination for filing your pending documents / Form CFSS, 2020. Apart from this we provide services like Start up advisory, Secraterial compliance services, Private Limited Company registration services, ROC annual filling, PAN / TAN application, DIN registration, GST registration, Trademark registration, GST / Income tax return filing and many more. You may get in touch with our compliance manager on 09643203209 or email info@ebizfiling.com for free consultation and to know more about the services provided by us.

Companies Fresh Start Scheme Fees

Choose your Package

ESSENTIAL

2499/-

(All Inclusive)

  • Form CFSS

ENHANCED

5999/-

(All Inclusive)

  • Form CFSS
  • Annual Filings for Company having turnover upto Rs. 50 Lakhs
  • AOC 4 Filing
  • MGT 7 Filing
  • ADT 1 Filing

ULTIMATE

9499/-

(All Inclusive)

  • Form CFSS
  • Annual Filings for Company having turnover upto Rs. 50 Lakhs
  • 2 AOC 4 Filing
  • 2 MGT 7 Filing
  • 2 ADT 1 Filing

Important Characteristics of the “Companies Fresh Start Scheme, 2020”

Points to make your decision easy

  • The Scheme is effective from 01.04.2020 and shall remain in force till 31.12.2020 (As extended).
  • Any defaulting company will be permitted to file belated documents which were due to filing on any given date.
  • Every defaulting company shall be required to pay normal fees as prescribed under the law.
  • The companies will be granted immunity from the prosecution or proceeding for imposing penalty only to the extent of any delay associated with the filings of belated documents.

Applicability & Non Applicability of CFSS, 2020

Applicability

 

The scheme shall apply to the following forms:

Non applicability

 

  • Company served with final notice of striking off
  • Company that has applied for striking off
  • Company that has applied for dormant status
  • Company that have amalgamated
  • Companies who failed to raise paid up capital
  • Form SH 7- Increase in share capital
  • CHG-1, CHG-4, CHG-8 and CHG-9 (Charge related document)

Process of Filing Form CFSS, 2020

 

5 Easy Steps

1

Complete Simple Checklist

2

Submit Documents

3

Finding pending compliance

4

Filing of pending forms

5

Filing of form CFSS, 2020

Fill Simple Checklist for CFSS, 2020

Private limited registrationA compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. Our team of experts will verify the documents and take the procedure further. The compliance manager will keep you updated on the progress of Filing of all your pending forms / documents.

Filing of pending compliance forms

Private limited registrationOnce we receive the required details from you, we will ascertain all the pending compliance of your company. Once the list of all pending compliance of your company is ready, we will proceed for completing all the filing process of pending documents / returns / forms etc. and will get the immunity certificate for getting immunity from prosecution / proceedings.

Filing of Form CFSS 2020

Private limited registrationOnce all the pending filings are done and we have the acknowledgement receipts, we will proceed with the filing of Form CFSS 2020 (Companies Fresh Start Scheme, 2020). If the Registrar Of Companies (ROC) will verify the form and if satisfied will provide with the Immunity certificate to get you immune from all the pending proceedings going for such non filing of documents.

FAQs_Ebizfiling

FAQs on Form CFSS, 2020

Get answers to all your queries

  • From when the scheme will be applicable and till when I can file the form?

    The Scheme came in to force on 01.04.2020 and shall remain in force till 31.12.2020. So you will be able to file all your pending forms and documents till the 31st December, 2020. (This date has been extended. Earlier the date of conclusion was 30th September, 2020)

  • Who are defaulting companies?

    The companies that made default in payment or filing of any document, statement or return etc are said to be the defaulting companies.

  • Can LLPs take the benefit under the scheme?

    No, LLPs can not take benefit under this scheme. However, there is another scheme introduced for LLPs as well which is “LLP settlement scheme, 2020” which gives the same benefits as provided to the companies by this scheme.

  • Its been two years that I have not filed my AOC 4 and MGT 7, will I have to pay the penalties?

    No, you do not need to pay any additional fees if you take the benefit under this scheme. You will have to pay the normal fees only. However, you have to file the E-Form CFSS- 2020 for availing the benefits under this scheme.

    Have more questions? Refer: FAQs on CFSS, 2020

  • I am from Chennai, can your company file my form CFSS, 2020?

    Ebizfiling.com provides All the services online across India. You can get your Form CFSS, 2020 filed in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur, or any city in India by us.

  • Have some queries?

    Our expert will help you in choosing the best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@ebizfiling.com or call us @+91 9643 203 209.

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