Every person is limited with resources either in the terms of funds or in terms of compliance, so in this pandemic situation, to boost the entrepreneur and to encourage him the government comes forward and introduce a one time late fees waiver for all the previous returns in which Company is in default.
There is a lot of confusions amongst the professionals with respect to getting immunity certificate (filing Form CFSS after 1st October) for Form DPT-3 and other Forms whose due date falling between 01st April, 2020 and 30th September, 2020
The turnover and investment criteria of the MSMEs have been revised to give a boost to the MSME Sector amidst COVID outbreak
According to the provisions of Section 197 of Companies Act, 2013 the total managerial remuneration payable by a public company, to its directors, including managing director and whole-time director, and its manager in respect of any financial year shall not exceed 11% of its net profits
All the existing independent director or who intends to get appointed as Independent Director, within 10 months from the date of this notification are required to make an application to institute
The Company can enter into any contracts/ arrangements/ transactions with related party only after seeking prior approval.
This article contains various Compliance requirements under Statutory Laws. Compliance means adhering to rules and regulations. Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure.
As announced as a part of economic stimulus and reforms in response to Covid 19, the Ministry of Micro, Small and Medium Enterprises has modified the classification criteria for MSMEs
Process of shifting of registered office from one state to another
MCA has issued and published the Companies (Removal of Names of Companies from the Register of Companies) Amendment Rules, 2020 further to amend the Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016.
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