Companies Fresh Start Scheme, 2020 & LLP Settlement Scheme, 2020
Published on 6th Mar 2020
Originally published by our relationship firm BTG Legal, the legal adviser to Osborne Clarke’s clients in India, this PDF highlights some key considerations for Indian businesses regarding the Companies Fresh Start Scheme, 2020 and LLP Settlement Scheme, 2020
As part of ongoing efforts to provide relief to companies and Limited Liability Partnerships (LLPs) in the wake of the COVID 19 crisis, the Ministry of Corporate Affairs (MCA) has introduced certain schemes to provide a one-time opportunity, to both companies and LLPs in India, to make good any filing related defaults and complete pending filings under Companies Act, 2013 and LLP Act, 2008 in order to make a fresh start as fully compliant entities. The Companies Fresh Start Scheme, 2020 can be accessed here and the revised LLP Settlement Scheme, 2020 can be accessed here and here.