1. Moratorium from 01-04-2020 to 30-02-2020: No additional fee will be levied for late filing
2. Board Meeting : 60 days relaxation will be give for Board Meeting for next 2 quarters. All Companies should convene Board meetings quarterly and for that additional 60days can be availed.
3. CARO 2020 : Implementation of CARO 2020 will be from FY 2020-21
4. In case a company needs to conduct a meeting with a Independent director in FY 2019-20, had not conducted the meeting, the same will not be considered as a violation.
5. The time limit for filing Form INC-20A (Commencement of Business) had been extended by additional 6 months. The current time limit was 180 days.
6. For a Company, one of the Director should be a resident (in India for 182 days or more), and the contravention is treated as violation as per Section 149 of Companies Act, 2013. For FY 2019-20, the same will not be treated as violation.
7. Deposit Reserve: Company having deposits should deposit 20% by 30-04-2020 and the due date was 30-04-2020 and the same was extended to 30-06-2020.
8. In case of debentures maturing in a particular year, 15% needs to be deposited by 30-04-2020. The due date was extended to 30-06-2020

The extract of Press note is given below: