business ποΈ Corporate compliance relief scheme extended till Sept 15
The government has extended the Companies Compliance Facilitation Scheme, 2026 until September 15th. This relief is available for companies in India, following representations from various stakeholders. Under this scheme, companies can file pending annual returns and financial statements by paying only 10% of the usual penalties. The initiative aims to boost compliance and help inactive entities with lower fees. Companies can also opt for dormant status or get their names struck off during this period.