ZT NEWS NETWORK
Srinagar: Officiating ROC, J&K & Ladakh, Haamid Bukhari asked all the relevant stakeholders in the jurisdiction of J&K and Ladakh to take the advantage of Companies Fresh Start scheme and LLP Settlement schemes started by Ministry of Corporate Affairs earlier since March 2020.
The benefits under the scheme were valid till Sep 2020. However keeping in view the hardships faced by Companies and Business sector due to prolonged COVID, Ministry of Corporate Affairs has now extended the scheme till 31 Dec, 2020. The idea behind this is to provide a clean slate to all the law-abiding companies, giving them extended time and a certain level of financial relief with regard to compliances considering the current situation.
Such schemes are first of its kind opportunities to make good any filing related defaults and make a Fresh start as a fully complaint entity. During the interaction with stakeholders, ROC highlighted the progressive steps taken by Ministry in the past couple of years in reforming ease of doing business processes and highlighted that such schemes incentives compliances and reduces burden during health crisis like COVID. ROC further asked the stakeholders that details of both the schemes may be perused from the circulars issued by Ministry of Corporate Affairs, Government of India.