Corporate affairs ministry extends deadline for various schemes amid Covid-19
Corporate affairs ministry extends deadline for various schemes amid Covid-19 Providing relief to companies amid the coronavirus pandemic-induced disruptions, the government has extended the duration of “several schemes” till December 31, including the fresh start scheme. The corporate affairs ministry has extended the Companies Fresh Start Scheme and the LLP Settlement Scheme, besides allowing companies to conduct EGMs (extraordinary general meetings) and board meetings through video conference or other audio-visual means till end of this year. Further, the scheme for relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 as well as the deadline for independent directors to register themselves on a data bank for them has been extended. The earlier deadlines were to end on September 30. In a series of tweets, finance and corporate affairs minister Nirmala Sitharaman’s office said the corporate affairs ministry has “extende...