Gist of ICSI Webinar on Companies Fresh Start Scheme" (CFSS)

Key Highlights of Latest Webinar of ICSI dated 01st April, 2020 related to *"Companies Fresh Start Scheme" (CFSS) are as Mentioned Below:

·        In all Approximately 54 Forms of Companies Act, 2013 and 10 Forms of Companies Act, 1956 are Covered  under the Scheme. ( List of Such Forms will be hosted shortly by MCA on MCA Portal).

·        It is Compulsory to File Form DIR 3 KYC/ webform DIR 3 KYC of all the Existing  directors  of Defaulters Companies before availing the benefit of the said Scheme.

·         It is compulsory to file Active Form INC-22A. Only the companies whose status is Active will be able to seek the benefit of the scheme.

·        Stakeholder shall take note That said Scheme shall have no Retrospective effect, i.e. forms that are filed  Earlier with huge amount of Additional fees, the said additional fees will *not be Refunded*

·        Immunity will be Granted only for those  forms that will be filed in *CFSS duration i.e. 01/04/2020 to 30/09/2020*.

Source: ICSI Webinar dated 01.04.2020

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