InfoAlert | Companies Fresh Start Scheme, 2020

Published On: 13/04/2020

Practice Area: Corporate & Commercial


In furtherance to the Ministry of Corporate Affair's (the 'MCA') general circular dated March 24, 2020 and the powers conferred on it under the Companies Act, 2013, the MCA, vide general circular no. 12/2020 dated March 30, 2020, introduced the Companies Fresh Start Scheme, 2020 (the 'Scheme'). The Scheme is intended to allow companies registered in India, to make a fresh start with respect to their pending compliances without being subject to any prosecution or proceedings or imposition of any penalty on account of delayed filings. INDUSLAW's Revathy Muralidharan and Aakash Dasgupta discuss the key highlights of the Scheme.