Companies And LLP Fresh Start Scheme 2020 extended to 31 Dec 2020
The Ministry of Corporate Affairs had introduced a new scheme known as the Companies Fresh Start Scheme, 2020, valid from 01.04.2020 to 30.09.2020 to enable companies to make good their previous defaults.
This Scheme has now been extended till 31.12.2020.
The MCA had also introduced a new scheme known as the LLP Settlement Scheme, 2020 which was valid from 01.04.2020 to 13.06.2020 and was later extended till 30.09.2020.
The Scheme also has been further extended to 31.12.2020 to enable LLPs to make good their previous defaults