The earlier deadlines were to end on September 30.
In a series of tweets, Finance and Corporate Affairs Minister Nirmala Sitharaman's office said the corporate affairs ministry has "extended the duration of several schemes till 31.12.2020 in view of the continued disruption caused due to the COVID-19 pandemic in certain parts of the country and to provide greater Ease of Doing Business".
The Companies Fresh Start Scheme as well as the LLP Settlement Scheme -- which began from April 1 -- are aimed at enabling companies to make good on their previous defaults.
Under the schemes, entities are allowed to submit filings without late fee and also get immunity from penal proceedings with respect to delay in submission of requisite filings.
Independent directors are required to register themselves on the independent directors' data bank maintained by the Indian Institute of Corporate Affairs (IICA), which comes under the corporate affairs ministry.
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