Ministry of Corporate Affairs introduces the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020” to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19

Ministry of Corporate Affairs introduces the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020” to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19 https://www.taxtmi.com/news?id=22707 The Companies Fresh Start Scheme, 2020 and revised LLP Settlement Scheme, 2020 permit companies and LLPs to regularise overdue MCA21 filings during the Schemes' currency without payment of additional filing fees, provide limited immunity from penal proceedings relating solely to delayed filings, extend timelines for compliance and allow extra time to file appeals before Regional Directors, but do not shield entities from substantive violations of law. en-us Tue, 31 Mar 2020 11:42:35 +0530 Tue, 31 Mar 2020 11:53:00 +0530 TaxTMI RSS Generator Ministry of Corporate Affairs introduces the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020” to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19 https://www.taxtmi.com/news?id=22707 The Companies Fresh Start Scheme, 2020 and revised LLP Settlement Scheme, 2020 permit companies and LLPs to regularise overdue MCA21 filings during the Schemes' currency without payment of additional filing fees, provide limited immunity from penal proceedings relating solely to delayed filings, extend timelines for compliance and allow extra time to file appeals before Regional Directors, but do not shield entities from substantive violations of law. News - Tue, 31 Mar 2020 11:42:35 +0530 https://www.taxtmi.com/news?id=22707