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FAQ’S ON CFSS FORM-2021

MCA has emerged with a Scheme on March 30, 2020, for all type of companies to file their forms even after the due date without any additional fees till December 31, 2020.

There existed a condition with the scheme that after the completion of the Scheme, the Companies shall file the e-form CFSS with the ROC mentioning all the SRN of the forms filed after the due date.

The eForm CFSS-2020 is required to be filed pursuant to the General Circular dated  12/2020 issued by the Ministry of Corporate Affairs.

CFSS Form introduced by the Ministry on January 16, 2021.

Period of filing of CFSS form:

The e-form can be filed w.e.f. January 15, 2021, to June 30, 2021. The last date for filing of this form is June 30, 2021.

Purpose of filing of this form:

To seek immunity in respect of the belated documents filed under the Scheme. Immunity under this scheme shall be provided to only those companies who will file CFSS form.

Applicability:

To all those forms which were filed after the due date but between March 30, 2020, to December 31, 2020.

Non-Applicability:

This form CFSS is not required to be  filed for the Following:

  • Forms filed within the due date.
  • Forms filed on or before March 30, 2020.
  • Forms filed on or after January 01, 2021.

SRN of e-forms are not required to be mentioned in CFSS:

SRN of the following forms are not required to be mentioned in CFSS:

  1. SH-7 for increase in authorized share capital
  2. Charge related forms i.e. (CHG-1, CHG-4, CHG-8 & CHG-9)

Some FAQ’s

S. No Question Solution
1.        What is the date of the event in the form of CFSS? This is the actual date of occurrence of the event.

Eg. Company has passed the special resolution on 15.10.2020 and filed the form on 20.12.2020. in such a situation the date of the event shall be 15.10.2020.

2.        What we should mention in the event date in CFSS for AOC 4 MGT 7 and ADT 1 The event date for AOC-4, MGT-7, and ADT-1 shall be the date of AGM.
3.        What is the event date for DPT-3 form as asked in CFSS form? The event date in the case of e-form DPT-3 shall be June 30, 2020, for the financial year 2019-20.
4.        If any form filed within the time during CFSS tenure. Such SRN is needed to be mentioned in CFSS? If any form is filed within the due date, then no need to mention the SRN of such form in CFSS.
5.        Whether a single Company can file multiple CFSS for one Company? The company can mention a maximum of 20 SRN in one CFSS. If a Company is required to mention more than 20 SRN, then such a company needs to file more than 1 form.
6.        If a Company skips mentioning any SRN in CFSS, can a company file a separate form for such SRN? In case the Company has less than 20 SRN then all SRN should be mentioned in a single form only.
7.        Whether a company is required to mention the SRN of Form DIR-3KYC web in the Form CFSS 2020

 

CFSS form is relating to the Company. DIR-3KYC is relating to the individual person.

Therefore, SRN of DIR-3 KYC is not required to be mentioned in CFSS.

8.        Whether the Companies need to pass a separate resolution to authorize any director to file the CFSS form

 

If any  Company has already passed a resolution for filing of the forms, then there is no need to pass a separate resolution. Otherwise, there is a need to pass a separate resolution to authorize the director to file such a form.
9.        Whether there is an option in the MCA login ID which can

Provide the list of all such forms w.r.t. which CFSS is required to be file?

There is no option on the MCA log-in ID.

The company itself has to prepare such a list of SRN’s.

10.    Whether there are any fees for CFSS Form? There are no ROC fees for the CFSS form.
11.    If a Company has filed DPT-3 for 2019-20 after 30th June 2020 before 31st December 2020.

Whether SRN of such DPT-3 needs to be mentioned in CFSS?

If any form is filed with the MCA after the due date within the time frame of CFSS then, the SRN of such form is mandatory to be mentioned in CFSS form to get immunity.
12.    If a company fails to mention the SRN of DPT-3 in Serial No. 11 in CFSS. What shall be the consequences? If a company fails to mention the SRN of such form in CFSS then, the company will not get any immunity for late filing of such DPT-3 and is liable for the action of penalty from the ROC.
13.    If a Company filed PAS-6 after the due date but before 31st December 2020.

Whether SRN of such PAS-6 needs to be mentioned in CFSS?

If any form is filed with MCA after the due date within the time frame of CFSS then, the  SRN of such forms is mandatory to be mentioned in the CFSS form to get immunity.
14.    Whether CFSS needs to be filed for the delayed filing of DIR-3 KYC? CFSS forms are not required to file for DIR-3KYC Form.
15.    If a Company holds an AGM on 15.09.2020 and filed

AOC-4 on 20.10.2020 and MGT-7 on 21.11.2020.

Whether SRN of such forms required to be mentioned in CFSS?

These forms are filed after the due date but before 31.12.2020. Therefore, to get immunity benefits, it is mandatory to mention the SRN of these forms in CFSS.
16.    Whether this form is in the approval route or STP route. This form is in STP mode. Once filed, it will be approved directly.
17.    Whether any immunity certificate shall be issued by the ROC on the filing of the form. When an e-Form is successfully processed, the immunity certificate shall be generated and shared along with the acknowledgment email on the mail id of the company as mentioned in the form.
18.    How to check whether the company will get immunity or not on a specific SRN mentioned in the CFSS? Details of the SRN’s shall be mentioned on the Immunity certificate issued by the MCA.
19.    Whether CFSS is required to be filed if the e-form DPT-3, MSME-1, PAS-6 filed after the due date for the f.y. 2019-20? If these forms are filed after the due date but before 31.12.2020, such a company is required to file CFSS by mentioning the SRN of these forms.
20.    What is the last date of filing of CFSS? The last date of filing of CFSS is 30th June 2021.

Disclaimer: The entire contents of this document have been prepared based on relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness, and reliability of the information provided, I assume no responsibility, therefore. Users of this information are expected to refer to the relevant existing provisions of applicable Laws. The user of the information agrees that the information is not professional advice and is subject to change without notice. I assume no responsibility for the consequences of the use of such information.

IN NO EVENT SHALL I SHALL BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL, OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF, OR IN CONNECTION WITH THE USE OF THE INFORMATION

  [1] http://www.mca.gov.in/MinistryV2/extensionofagm.html

DG TaxClue
CS Divesh Goyalhttp://csdiveshgoyal.in
CS Divesh Goyal is a Fellow member of ICSI, Practicing Company Secretary, and Steering Voice in the Corporate World. He is a Prop. at Goyal Divesh & Associates, Company Secretaries. He is a competent professional having enrich 6 years post qualification experience as Company Secretary with expertise in Corporate Law, FEMA, IBC, SEBI, RBI. He has written more than 600 editorials on Companies Act, 2013 to keep at pace with the latest changes and critically analyse the implications of various provisions of the Companies Act, 2013, Insolvency & Bankruptcy Code, 2016, FEMA, RBI, SEBI etc. He is a vibrant, sought after, and spellbinding speaker and has delivered more than 200 sessions on various aspects of Company Law at ICSI, ICAI, and online platforms. Apart from his passion for his work he also believes in elevating his profession and for that dream

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