Under the revised guidelines, the Ministry of MSME has issued an order to include retail and wholesale trade as MSME and extending to them the benefit of priority sector lending.
Frequently Asked Questions on Circular regarding Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 issued by MCA on 03.05.2021 - Revised
The Micro, Small & Medium Enterprises (MSMEs) are defined in India under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 on the basis of capital investment made in plant and machinery, excluding investments in land and building.
As of late, an outpour of demands requesting the government to extend the due date for CFSS is being seen on social media. Consequently, hashtags such as #Extend_CFSS and #CFSSExtension have been trending on Twitter.
In this article, I have tried to summarize the notifications issued by MCA from time to time in the month of June'21.
MCA has granted additional time up to 31st August 2021 to Companies & LLPs to file those forms which are due for filing from 1st April 2021 to 31st July 2021, without any additional fees.
The Ministry of Corporate Affairs vide Circular No. 12/2021 has provided relaxation in time for filing forms related to the creation or modification of charges under the Companies Act, 2013.
The major problem that affects MSME is the collection of Invoice made for Service or Supply or Service & Supply. Let us discuss the role of the National MSME Bills Payment (Factoring) Portal in this regard.
Any person who is an Indian citizen, whether a resident in India or not i.e. NRI shall be eligible to incorporate a One Person Company and appoint its nominee.
The individuals who want to be part of the association of persons need to sign a Memorandum of the company. This part where such signatures are affirmed is called the association clause.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English