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.