Condonation of delay scheme | Waiver of Additional Fees - Eligible Documents - Key features of the Condonation of Delay Scheme typically include
Condonation of delay scheme The Condonation of Delay Scheme (CODS) is a one-time opportunity provided by the Ministry of Corporate Affairs (MCA) in India to companies that have failed to file their annual financial statements, annual returns, and other related documents within the prescribed time frames. Under this scheme, companies are allowed to file their overdue documents with the Registrar of Companies (RoC) without facing stringent penalties for late filing. Key features of the Condonation of Delay Scheme typically include: 1. Waiver of Additional Fees: Companies availing the scheme are granted immunity from the payment of additional fees and penalties that would otherwise be applicable for delayed filings. 2. Limited Period: The scheme is usually introduced for a limited period, during which eligible companies can take advantage of the condonation provisions. 3. Eligible Documents: Companies can file their overdue annual financial statements, annual returns, and other relat...