COMPANIES FRESH START SCHEME AND LLP SETTLEMENT SCHEME, 2020
The Ministry of Corporate Affairs (‘MCA’) has introduced “COMPANIES FRESH START SCHEME 2020” (CFSS-2020) to enable all companies registered in India to make good of any filing related defaults irrespective of the duration of default and make a fresh start as a fully compliant Indian entity.
Adding to the Companies Fresh Start Scheme, the MCA has also introduced LLP Settlement Scheme to give relief to Limited Liability Partnerships through revising an existing ‘LLP’ Settlement Scheme.
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