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Who Is Defaulting Company As Per The Companies Fresh Start Scheme 2020

As per the definitions prescribed under the Companies Fresh Start Scheme 2020, unless the context requires it otherwise, the term “Defaulting Company” has been defined as any Company which has made a default under the Companies Act, 2013 in filing any documents. statements, returns, etc which also includes annual returns of the company.

The scheme is applicable to any defaulting company irrespective of its type and size. The scheme is in forces with effect from the 1st April 2020 and is available until the 30th of September 2020.

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Setindiabiz is an organized team of experienced CA, CS, & Lawyers, duly supported by a pool of trained accountants & paralegal staff that provides quality & affordable compliance services to startups & small businesses in India. The views, statements and recommendations expressed in this article or post are only for the sole objective of providing information, and it does not constitute professional advice or recommendation of the company. Neither the author nor the company or its affiliates accepts any liability for any loss or damage arising from any information in this article or any actions taken in reliance thereon.

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