This is to remind that the following ROC Statutory Compliances have to be complied by our companies to the extent as applicable:
ANNUAL FILING FOR THE FINANCIAL YEAR 2019-20
Every company needs to file its financial statements (within 30 days of AGM) and annual return (within 60 days of AGM)
CFSS SCHEME FOR PENDING FORMS:
This scheme can be availed by any defaulting company which had made a default in filling of any Document or any statement or any Return including statutory annual forms that need to be filed in accordance with provisions stated under Companies Act 1956 or Companies Act, 2013.
The Ministry of Corporate Affairs (MCA) vide its General Circular No. 12/2020 dated 30/03/2020, introduced the Companies Fresh Start Scheme, 2020 for one-time application of condonation of delay of filling the various documents, forms, returns, etc. with the MCA and granting of immunity from launching of any prosecution or proceedings for imposing penalty on account of delay associated with certain filings.
OBJECTIVE OF THE SCHEME
The Scheme is starting from 01st April, 2020 and end on 30th September, 2020 9 (Extended to 31st December 2020) with a view to:
• Granting of Immunity from launching of Prosecution;
• Reduce non-compliance burden of various companies;
• Waiver of additional fees levied for late filings of documents;
• Waiver of Penalty on account of delay associated with filing
So, every company can file their pending forms without any late fee, penalty and prosecution till 31.12.2020 but all the forms filed under this scheme needs to be informed to MCA through filing of CFSS Form.
KILA & CO.