CCFS SCHEME
CCFS (Companies Compliance Facilitation Scheme) is a one-time compliance relief scheme introduced to help companies regularize pending statutory filings, reduce additional filing fees and penalties, and restore compliance with corporate regulations. It provides an opportunity for defaulting companies to update overdue filings and maintain good legal standing.
CCFS SCHEME – An Overview
The Companies Compliance Facilitation Scheme (CCFS) is a one-time compliance relief initiative introduced by the Ministry of Corporate Affairs (MCA) to help defaulting companies regularize pending statutory filings and restore compliance with corporate regulations. The scheme allows eligible companies to file overdue annual returns, financial statements, and other prescribed documents with significant relief in additional filing fees and penalties. It also provides options for dormant status or company strike-off at concessional fees, helping companies update their records, avoid regulatory action, and maintain good legal standing with the Registrar of Companies (ROC).
Benefits:
- Helps companies regularize pending compliances, reduce penalties, and restore good standing with regulatory authorities.
Documents Required:
- Certificate of incorporation of the company.
- Company pan and cin details.
- Pending annual financial statements.
- Pending annual returns.
- Board resolutions authorizing the filing of overdue documents.
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CCFS SCHEME
- Review the company's compliance status and identify pending ROC filings. Assess eligibility under the CCFS Scheme. Prepare and compile overdue statutory documents and records. Draft and file pending annual returns, financial statements, and other required forms. Coordinate with professionals for certifications and approvals. Ensure compliance with MCA and ROC requirements. Submit filings within the scheme period to avail applicable benefits and fee relaxations. Track filing status and resolve any ROC queries or objections.
FAQ:
The CCFS (Companies Compliance Facilitation Scheme) is a compliance relief scheme that allows companies to regularize pending statutory filings and restore compliance status.
Companies with overdue roc filings and compliance defaults, subject to the eligibility criteria prescribed under the scheme.
The scheme offers an opportunity to complete pending filings, reduce penalties, and avoid further regulatory action.
Typically, pending financial statements, annual returns, board resolutions, statutory records, and other supporting compliance documents.
Eligible overdue ROC forms, annual returns, financial statements, and other prescribed statutory filings.
