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  • Writer's pictureAccounString Management Private Limited

Applicability of CFSS Extension!!

Now, CFSS – 2020 has been extended till 31.03.2021 but the question is – this extended scheme is applicable to whom?

The Central Government in the exercise of its powers conferred under Section 460 read with Section 403 of the act has decided to introduce the scheme namely “Scheme for condonation of delay for companies restored on the register of Companies between 1st December 2020 and 31st December 2020, under section 252 of Companies act 2013” for the purpose of condoning the delay in filing forms with the registrar, in so far as it relates to the charging of additional fees on account of delay in such filings.

Questions related to the applicability of CFSS – 2020 are:-

1. From when this scheme shall come into effect?

1st February, 2021

2. The scheme is applicable to which companies?

The scheme shall be applicable in respect of companies of whom the appeal filed under section 252 of the act with the respective NCLT bench for the restoration of the name of the company was disposed of between 1st December 2020 and 31st December 2020, with an order for the restoration of the company.

3. What will be the duration of this scheme?

The last date of filing of any overdue e-forms by such companies under the scheme shall be 31st March 2021.

4. on which forms this scheme shall be applicable?

The scheme shall be applicable in respect of filing of all e-forms {except where any increase in authorized capital is involved (e-form SH-7) and charge related documents (e-form CHG-1, CHG-4, CHG-8, and CHG-9)} which are required to be filed with the registrar.

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