The Ministry of Corporate Affairs has vide its circular no. 40/2014 dated 15th October, 2014 extended the Company Law Settlement Scheme by another month to 15th November, 2014. The Company Law Settlement Scheme is a one time opportunity for those companies who have not filed their mandatory annual documents like the audited financials, annual returns, compliance certificates and for auditors to file their appointments for the past years other than the current financial year. The belated filings can be done by paying only 25% of the additional filing fees. The company thereafter has to also file the form CLSS 2014 seeking immunity from prosecution from the government for its default in not filing the said forms/ documents within the stipulated time.
So, therefore, companies should avail of this opportunity and file the belated documents on or before 15th November, 2014.