Normal Fees for filing belated documents ( MCA)
Ministry of Corporate affairs Government of India charge fee for annual filing charges for statutory compliance like MGT-7 ,AOC-4, Director KYC, etc.
Penalty for late filing is normally Rs.100 per day for each Form filing and such late fee penalty reach around Rs.50,000 or more so now government decided to give great relaxation to companies whose filing is pending
Due to COVID-19 entire country is under lockdown. Government of India announced many relaxation one by one for corporate to survive in such panic time. Such chain of relaxation one is for defaulting companies with an opportunity to restart their business by filing belated pending documents with no penalty for delay under companies fresh start scheme, 2020.
Companies fresh start scheme 2020
1. Companies fresh start scheme 2020 an opportunity to defaulting companies who have defaulted in filing any documents, returns or forms within the prescribed time period with the designated authority to file such documents, forms or returns as the case may be between 1st April 2020 to 30th September 2020 without any penalty i.e. no additional fees .
2. Any companies file an application for seeking immunity under this scheme has to be filed after the closure of scheme and after the documents are taken on file or approved by the authority.
3. Dormant Status Any inactive companies now apply dormant status under Companies fresh start scheme 2020
4.Directors whose DIN are deactivated due to non-filing of DIR-3 KYC upto 31 March,2020 can regain their status by filing the respective KYC form without any penalty which was earlier Rs 5000.
Above mentioned benefits are main point there are so many other benefits also under Companies fresh start scheme 2020 and such great relaxation help to restart business.
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