Companies Fresh Start Scheme, 2020: Great Opportunity by Ministry of Corporate Affairs for Defaulting Companies
Introduction & Brief Background: In line with its circular dated March 24, 2020, the Ministry of Corporate Affairs (‘MCA’) has introduced Companies Fresh Start Scheme, 2020 (‘CFSS, 2020’) vide circular no. 12/2020 under Section 460 of the Companies Act, 2013 (“Act”) read with Section 403. This…
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May 6, 2020