Companies Fresh Start Scheme, 2020 and revised LLP Settlement Scheme, 2020

•Ministry of Corporate Affairs introduces the “Companies Fresh Start Scheme, 2020” and revised the “LLP Settlement Scheme, 2020” to provide relief to law abiding companies and Limited Liability Partnerships (LLPs) in the wake of COVID 19.
•These schemes incentivise compliance and reduce compliance burden during the unprecedented public health situation caused by COVID-19.