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In pursuance of the Government of India’s efforts to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19, the Ministry of Corporate Affairs (MCA), has introduced the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020” which is already in vogue to provide a first of its kind opportunity to both companies and LLPs to make good any filing related defaults, irrespective of duration of default, and make a fresh start as a fully compliant entity.
Same day settlement with no extra charges: NGOs and businesses in the essential services categories can get settlements on the same day to ensure business continuity during these times.
Zero fees for COVID-19 Relief Donations: Zero Transaction Fees for upto ₹10 Lakh worth of transactions by NGOs collecting donations towards India’s fight against Coronavirus.