Business Standard

Corporate Affairs ministry extends date for various schemes amid Covid-19

Under the schemes, entities are allowed to submit filings without late fee and also get immunity from penal proceedings with respect to delay in submission of requisite filings.

auditor, audit, companies, taxes, investment, shares, savings, investigation, prove, financial
Premium

The ministry is implementing the Companies Act and LLP Act, among other activities

Press Trust of India New Delhi
Providing relief to companies amid the coronavirus pandemic-induced disruptions, the government has extended the duration of "several schemes" till December 31.

The corporate affairs ministry has extended the Companies Fresh Start Scheme and the LLP Settlement Scheme, besides allowing companies to conduct EGMs (extraordinary general meetings) and board meetings through video conference or other audio-visual means till end of this year.

Further, the scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 as well as the deadline for independent directors to register themselves on a data bank for them

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 28 2020 | 8:32 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com