In New Companies Act, 2013, power of Compliance Certificate is withdrawn which will lead to
---loss of around Rs. 20 Crore to MCA for non filing of Form no. 66
---loss to Company Scretaries in Practice of Fee around Rs.25-35 Crore that means average loss of Rs.50000-400000 for each CS in practice annually;
----leaving 4-5 metro cities where CS can provide services in the field of amalgamation, CLB, CLT, CS in practice will become mere filing agents
---- CAs and cost Accountants have given power of audit certificates and power of CS has been withdrawn only;
----New CS will have role in listed companies only
If I am wrong, Pls. comment.
CAclubindia
