The Ministry of Corporate Affairs (MCA) has introduced a new scheme known as Company Fresh Start Scheme, 2020 (CFSS, 2020) for the companies to reduce the burden of compliance delays during the COVID-19 period.
Extension of date of AGM during Coronavirus Pandemic | Provisions, Steps & Format
Form PAS-6 is a half-yearly audit report on reconciliation of share capital which is to be certified by a Company Secretary in practice or a Chartered Accountant in practice.
MCA vide General Circular no. 28/ 2020 dated 17th August 2020 has issued Clarification on Extension of Annual General Meeting (AGM) for the financial year ended as at 31.03.2020- Companies Act, 2013.
National Pension System is a contributory pension system which was initially (from 1st January 2004) introduced for the government employees and later rolled out for all citizens of India from May 1, 2009. Any citizen of India in the age group 18 to 65 years can join the NPS.
Actionable Claim is a claim to any debt, other than secured by mortgage of immovable property or pledge or hypothecation of some movable property, or to any beneficial interest in movable property, not in possession either actual or constructive of the claimant.
The contract of insurance is based on good faith, the insured /prospect have to disclose all relevant facts, required by the insurance company to underwrite risk and decide premium.
A lease of immovable property is a transfer of a right to enjoy such property, made for a certain time, express or implied, or in perpetuity, in consideration of a price paid or promised.
Private Placement Company needs funds to run its activities/business smoothly. Initially, the money comes from the subscription of the members.
Under the new classification of MSMEs it is now mandatory to get Udyam registration. As per the Udyam Registration requirement, it is evident that Udyam Registration can be done on the basis of filing a self-declaration.
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