Extension of Companies Fresh Start Scheme, 2020

Last updated: 28 September 2020

Save Share

Quick Summary

The Ministry of Corporate Affairs has announced an extension for the Companies Fresh Start Scheme, 2020. This decision was made in response to the widespread disruptions caused by the COVID-19 pandemic. The scheme will now be available until 31st December 2020. All other conditions of the original scheme remain the same.

General Circular No. 30/2020

F. No. 02/01/2020-CL-V
Government of India
Ministry of Corporate Affairs

5th Floor, ‘A’ Wing, Shastri Bhawan,
Dr. R. P. Road, New Delhi

Dated:28th September, 2020

The DGCoA,
All Regional Directors,
All Registrar of Companies,
All Stakeholders.

Subject: Extension of Companies Fresh Start Scheme, 2020.

Sir/ Madam,

In continuation to this Ministry’s General Circular No.12/2020 dated 30.03.2020, in view of the large scale disruption caused by the COVID-19 Pandemic and after due examination, it has been decided to extend aforesaid scheme till 31st December, 2020. All other requirements provided in the said circular shall remain unchanged.

2. This issues with the approval of the competent authority.

Yours faithfully,

(KMS Narayanan)
Assistant Director (policy)

Copy forwarded for information to:-1. e-governance section and web contents officer to place the circular on MCA website and 2. Guard file.

FAQ :

The Companies Fresh Start Scheme, 2020 is a scheme introduced by the Ministry of Corporate Affairs.

Yes, the Companies Fresh Start Scheme, 2020 has been extended.

The scheme has been extended until 31st December 2020.

The extension is due to the large-scale disruption caused by the COVID-19 pandemic.

No, all other requirements provided in the original circular remain unchanged.

Notification No : General Circular No. 30/2020
Source : http://www.mca.gov.in/Ministry/pdf/GeneralCircularNo.30_28092020.pdf

163 Views Comment Share Corporate Law Report

Notification posted by

CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments