The Ministry of Corporate Affairs (MCA) issued General Circular No. 01/2026 on February 24, 2026, introducing a one-time scheme to address the backlog of annual filings and reduce the financial burden on companies, particularly MSMEs and private entities. 1. Purpose and Duration The scheme aims to improve compliance levels and update the corporate registry by allowing companies to file pending documents or opt for dormancy/closure at a reduced cost. 2. Financial Incentives The scheme provides significant relief regarding additional fees normally required for late filings under Section 403 of the Companies Act. Action Fee Requirement under CCFS-2026 Pending Annual Filings Normal fees + 10% of the standard additional fees. Status as ‘Dormant Company’ 50% (half) of the normal filing fee for e-form MSC-1. Company Strike-Off 25% of the applicable filing fee for e-form STK-2. 3. Applicability and Exclusions The scheme applies to “relevant e-forms” including MGT-7, AOC-4, ADT-1,MSC-1, STK-2 and various forms under the Companies Act 1956. However, it does not apply to: 4. Immunity Provisions Note: Upon the conclusion of the scheme on July 15, 2026, Registrars of Companies (ROCs) are directed to take legal action against companies that remain in default. Would you like me to draft a checklist of the “relevant e-forms” mentioned in the circular for your records?