In pursuance of a large number of representations received from various quarters for waiver of fees for the condonation of delay and relaxation of excessive financial burden, the Central Government of India decided to give an onetime full waiver of additional fees to the defaulting Companies.
For this purpose, the Central Government of India has decided to introduce Companies Fresh Start Scheme 2020 for companies.
These schemes give longer timelines for companies to comply with various filing requirements and significantly reduces the financial burden on them, thereby giving them an opportunity to make a FRESH START.
In addition to this, immunity will be given to Directors and other responsible persons from prosecution.
Useful : File under this scheme at Incometaxca.com