What is Companies Fresh Start Scheme 2020?

In order to give such an opportunity to the defaulting companies and to enable them to file the belated documents in MCA-21 Registry, the Central Government in exercise of powers conferred under section 460 read with Section 403 of the Companies Act, 2013 has decided to introduce a Scheme namely “Companies Fresh Start Scheme 2020 (CFSS 2020) condoning  the delay in filing annual returns, financial statements, documents, returns, pending compliance with the Registrar without any additional fees or penalty. Only Normal Fees for filing of documents in the MCA-21 registry will be payable in such case during the Period of CFSS 2020.