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Corporate Compliance Relief Scheme Extended to 15 September

Corporate Compliance Relief Scheme Extended to 15 September
Corporate compliance relief scheme’s validity extended up to 15 September · livemint.com

The government has given companies extra time to finish certain paperwork.

The deadline is now 15 September.

This is the second time the deadline has been extended.

Companies can submit late financial statements and annual returns with much smaller penalties.

They pay only 10% of the usual penalties under the scheme.

Inactive companies can apply for dormant status at half the usual fee.

Companies seeking closure can pay one-quarter of the applicable filing fee.

The extension came after requests from stakeholders and problems following a data-centre fire.

The scheme is intended to improve company records and help inactive businesses close or become dormant.

Key facts

New deadline
15 September 2026
Announcement date
31 August
Scheme start
15 April 2026
Penalty for pending filings
10% of the usual penalties
Dormant-status fee
Half the usual fee
Closure filing fee
One-quarter of the applicable filing fee
Standard late-filing charge
₹100 per day since July 2018

Quotes

Ministry of Corporate Affairs

The government ministry responsible for administering the corporate compliance scheme.

“The scheme is aimed at improving compliance levels and ensuring that the corporate registry reflects accurate and up-to-date information”
livemint.com
“Additionally, it is aimed at facilitating inactive or defunct entities to opt for dormancy/closure by paying lesser fees.”
livemint.com

Sources

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