<h1>Over 474,000 Companies Benefit from India's 2020 Fresh Start Scheme, Avoid Penalties for Late Filings.</h1> The Companies Fresh Start Scheme (CFSS), 2020, launched by the Ministry of Corporate Affairs, benefited 473,131 Indian companies and 1,065 foreign companies by allowing them to file pending documents without penalties. The scheme, active from April 1 to December 31, 2020, provided immunity from prosecution and waived additional fees for late filings. It aimed to help companies rectify filing defaults and achieve compliance. The announcement was made by the Union Minister of State for Finance Corporate Affairs in a written reply to the Rajya Sabha.