Under the Companies Fresh Start Scheme 2020 (CFSS-2020), all Indian companies will receive, by September 30, 2020, the (expected one-time) possibility missed Notifications, documents and forms at the registrar of Companies (RoC) to be submitted.  

According to the Legal (also: Secretarial) Compliance there are numerous filings required under the Indian Companies Act 2013 during the year - see Annual Compliance Calendar. These include, among others, the Financial Statements (Form AOC-4 incl. balance sheet) and the annual returns (Form MGT-7), but also occasion-related filings, such as the Appointment of new directors or the Amendment of the share capital

No prosecution - no fees - no rude awakening afterwards. 

Especially (smaller) branches of European medium-sized companies do not always perform these tasks completely. Nevertheless, the directors are responsible for compliance with the legal compliance and are also personally liable for it (possibly without being aware of it - see here). 

Karsten Echle, management expert

Now the persons responsible for this have the possibility to make up for all missed reports of the last years without incurring (partly severe) penalties. Therefore, we recommend all those who did not report 100 percent in the last years to do so. compliant were to make improvements and "put their house in order". This will not only save you a lot of stress and fuss with the Indian authorities in the future, but possibly also a lot of money.  

Talk to our European experts for administrative services in India. We will be happy to check for you where you still need to take action and how you can (continue to) remain unassailable in India.

Finance & Compliance