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MCA Launches Condonation of Delay Scheme for cos. restored between Dec.01., 2020 to Dec. 31, 2020

The Ministry of Corporate Affairs has introduced the “Scheme for condonation of delay for companies restored on the register of companies between 01, December 2020 and 31, December 2020, under section 252 of the Companies Act, 2013 for the purpose of condoning the delay in filing forms with the Registrar. This scheme shall come into effect from Feb 01, 2021.

The Scheme shall be applicable to the companies in respect of whom the appeal is filed under section 252 of the Act with the respective NCLT bench for the restoration of the name of the company was disposed of between December 2020 and 31, December 2020, with an order for restoration of the company. The notable point is that the last date for filing of any overdue e-forms by such companies under the Scheme shall be March 31, 2021.