Overview
Companies and LLPs that fail to file their annual returns (AOC-4, MGT-7, Form 8, Form 11) accumulate massive late fees (Rs. 100 per day per form). Over a few years, this penalty can grow into lakhs of rupees. Periodically, the Ministry of Corporate Affairs (MCA) introduces Settlement Schemes (like the Companies Fresh Start Scheme - CFSS, or the LLP Settlement Scheme). These schemes allow defaulting entities to file their pending documents by paying only the normal base fee, completely waiving off the massive late fees and granting immunity from prosecution.
What is Included in Our Package
Detailed compliance and filing scope managed by JRC corporate experts.
Documents Required to Start
Upload digital files during onboarding. No physical submissions needed.
Financial & Audit Records
- Audited Financial Statements for all pending financial years
- Director’s Reports and Notices of AGM for all pending years
- DSC of the Active Directors
Step-by-Step Scheme Execution
Our step-by-step advisory workflow.
Step 1: Default Assessment
We review the MCA master data to identify exactly which forms are pending across which financial years.
Step 2: Backlog Clearance
We finalize the accounts, hold the necessary back-dated AGMs (on paper), and file the pending AOC-4 and MGT-7 forms under the scheme.
Step 3: Master Data Normalization
The ROC processes the forms and updates the company status to compliant.
Step 4: Immunity Application
Once all forms are approved, we file the specific scheme form (e.g., Form CFSS) to obtain the official Immunity Certificate from the government.
Key Advantages of Using Settlement Schemes
Settlement schemes save companies from financial ruin due to penalties.
Save Lakhs in Penalties
The scheme waives the Rs. 100/day penalty. You only pay the normal filing fee (usually Rs. 300 to Rs. 600 per form).
Immunity from Prosecution
By filing under the scheme, the MCA issues an Immunity Certificate, protecting the directors from criminal prosecution for the delay.
Restore "Active" Status
It allows defaulting companies to normalize their status, enabling them to apply for bank loans or close the company legally without paying arrears.
Frequently Asked Questions
Helpful answers to common regulatory inquiries.
Are these schemes available all the time?▼
No. Settlement Schemes are temporary windows announced by the government (usually lasting 3 to 6 months). You must act immediately when a scheme is active.
Can struck-off companies use this scheme?▼
If a company has already been struck off by the ROC, it cannot directly use the scheme. It must first apply to the NCLT to restore its name, and only then can it file pending returns under the scheme.
Professional Legal Desk
Corporate filings managed directly by certified Chartered Accountants & Company Secretaries.
Need Fast Track Assistance?
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